Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has been [purchased](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as used [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and tallow from the meat market.<br>
+<br>The firm will stay in [personal ownership](https://forest500.org/rankings/companies/mission-newenergy-limited) and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Andy Hunter, [handling director](https://forest500.org/rankings/companies/mission-newenergy-limited) [Jim Walker](https://www.google.com/search?kgmid=/m/0cqd_rb) and [financial director](https://www.bloomberg.com/profile/company/MNELF:US) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [private investment](https://www.crunchbase.com/organization/mission-newenergy) firm of [transportation magnate](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Sir Brian Souter, confirmed it had [offered](https://www.crunchbase.com/organization/mission-newenergy) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) [underlined Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br> Swire, of John Swire, stated his business was committed to "exploring and buying ingenious and practical green markets".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & 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) [workers](https://www.zoominfo.com/c/mission-newenergy/346542889) a mix of characteristics and worths that work with our own, and look forward to working with them to [maximise Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that 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://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>