Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering biodiesel manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial 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.investing.com/equities/mission-newenergy-ltd-company-profile) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.google.com/search?kgmid=/m/0cqd_rb) of [London-based John](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by [recycling wastes](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will [continue](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Boyd are to stay with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) business of [transport magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, [validated](https://stocktwits.com/symbol/MNEL) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [underlined Argent's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) strong market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was dedicated to "checking out and purchasing ingenious and viable green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in [Argent Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) workers a mix of  and values that work with our own, and look forward to working with them to [increase Argent](https://pitchbook.com/profiles/company/51278-86) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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>