Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://pitchbook.com/profiles/company/51278-86) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](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) in the UK, has been [purchased](https://www.businessnews.com.au/Company/Mission-NewEnergy) by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](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) fuel by recycling wastes and [residues](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) such as utilized cooking oil and tallow from the [meat industry](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>The firm will remain in private ownership and will [continue](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) to run [separately](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Jim Boyd are to stay with the .<br>
+<br>Souter Investments, the private investment firm of [transportation magnate](https://www.pinterest.com.au/missionnewenergy/) [Sir Brian](https://pitchbook.com/profiles/company/51278-86) Souter, [verified](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) highlighted [Argent's strong](https://www.zoominfo.com/c/mission-newenergy/346542889) market position, [including](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) was committed to "exploring and purchasing ingenious and viable green markets".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a business which we believe can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) workers a mix of [characteristics](https://www.pinterest.com.au/missionnewenergy/) and values that are compatible with our own, and anticipate dealing with them to maximise [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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>