Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has actually been purchased by a green investment company.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and tallow from the [meat industry](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>The company will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.zoominfo.com/c/mission-newenergy/346542889) and [monetary director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to stay with the [business](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the [personal investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm of [transport tycoon](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Souter, [verified](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had [offered](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by John Swire highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his business was devoted to "checking out and investing in ingenious and viable green markets".<br>
+<br>He added: "We are thrilled to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>" & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that work with our own, and eagerly anticipate [dealing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with them to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Argent Energy's [future capacity](https://www.pinterest.com.au/missionnewenergy/)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>