Add Pioneering Biodiesel Producer Argent Energy Sold

Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md

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+<br>[Pioneering](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [residues](https://www.pinterest.com.au/missionnewenergy/) such as  oil and tallow from the [meat market](https://stocktwits.com/symbol/MNEL).<br>
+<br>The firm will remain in [personal ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will continue to run [separately](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [financial director](https://www.pinterest.com.au/missionnewenergy/) Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the personal investment firm of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Sir Brian Souter, confirmed it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [financial investment](https://www.zoominfo.com/c/mission-newenergy/346542889) by John Swire underlined [Argent's](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, stated his business was committed to "checking out and buying ingenious and viable green industries".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we think can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) [workers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of attributes and values that work with our own, and look [forward](https://www.crunchbase.com/organization/mission-newenergy) to dealing with them to maximise Argent Energy's [future capacity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a year.<br>
+<br>Cooking oil to run buses in trial<br>
+<br>4 November 2011<br>
+<br>Argent Energy<br>
+<br>Souter Investments<br>