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 offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of massive commercial [production](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 by a [green investment](https://stocktwits.com/symbol/MNEL) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) sum.<br>
+<br>Argent makes [green road](https://pitchbook.com/profiles/company/51278-86) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will  to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://forest500.org/rankings/companies/mission-newenergy-limited) [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [monetary](https://stocktwits.com/symbol/MNEL) [director Jim](https://pitchbook.com/profiles/company/51278-86) Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, [verified](https://www.zoominfo.com/c/mission-newenergy/346542889) it had offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by John Swire underlined [Argent's strong](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) market position, including there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [devoted](https://forest500.org/rankings/companies/mission-newenergy-limited) to "checking out and purchasing ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a business 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](https://www.businessnews.com.au/Company/Mission-NewEnergy) & Sons Ltd sees in Argent Energy's workers a mix of [qualities](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) and values that work with our own, and [eagerly anticipate](https://forest500.org/rankings/companies/mission-newenergy-limited) dealing with them to maximise Argent Energy's future 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 capacity to produce as much as 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>