Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [manufacturer Argent](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) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale commercial production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has actually been bought by a [green financial](https://pitchbook.com/profiles/company/51278-86) [investment business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Argent, based near Motherwell, was  to a subsidiary of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes and residues such as [utilized cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run [independently](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and [monetary director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm of transportation magnate Sir Brian Souter, [verified](https://stocktwits.com/symbol/MNEL) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) highlighted Argent's strong market position, adding there was now an [opportunity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [committed](https://forest500.org/rankings/companies/mission-newenergy-limited) to "checking out and purchasing innovative and feasible green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a company which our company believe can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in [Argent Energy'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) [employees](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of qualities and values that work with our own, and look [forward](https://www.google.com/search?kgmid=/m/0cqd_rb) to [dealing](https://www.zoominfo.com/c/mission-newenergy/346542889) with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>