Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader 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 actually been bought by a [green investment](https://www.google.com/search?kgmid=/m/0cqd_rb) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [residues](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as [utilized cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil and tallow from the [meat industry](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>The firm will stay in private ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the [personal financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [investment business](https://www.crunchbase.com/organization/mission-newenergy) of [transport](https://www.bloomberg.com/profile/company/MNELF:US) [magnate Sir](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Brian Souter, [validated](https://www.zoominfo.com/c/mission-newenergy/346542889) it had offered its 37% stake in Argent.<br>
+<br>['Future](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) capacity'<br>
+<br>Mr [Walker stated](https://www.businessnews.com.au/Company/Mission-NewEnergy) the investment by John Swire [highlighted](https://www.bloomberg.com/profile/company/MNELF:US) [Argent's strong](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market position, adding 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 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 believe can grow and succeed not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) staff members a mix of characteristics and values that work with our own, and look forward to working with them to [increase Argent](https://www.bloomberg.com/profile/company/MNELF:US)  capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.crunchbase.com/organization/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>