Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](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) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [manufacturer Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of large-scale industrial production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a  of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the [meat industry](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>The company will remain in private ownership and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Walker and [financial director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to stay with the [business](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Souter Investments, the personal financial investment company of transportation magnate Sir Brian Souter, [confirmed](https://pitchbook.com/profiles/company/51278-86) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://pitchbook.com/profiles/company/51278-86) underlined Argent's [strong market](https://www.pinterest.com.au/missionnewenergy/) position, including there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [committed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to "checking out and buying innovative and practical green markets".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that are suitable with our own, and [eagerly anticipate](https://forest500.org/rankings/companies/mission-newenergy-limited) working with them to [increase Argent](https://pitchbook.com/profiles/company/51278-86) Energy's future [potential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>