From f247942956d97deb4154b5d057d08825af416cf1 Mon Sep 17 00:00:00 2001
From: chanelleahy512 <chanel_leahy@emailinbox.space>
Date: Sat, 11 Jan 2025 17:30:50 -0500
Subject: [PATCH] Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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+<br>[Pioneering biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [producer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been bought by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://pitchbook.com/profiles/company/51278-86) to a [subsidiary](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for an  sum.<br>
+<br>Argent makes [green roadway](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel by recycling wastes and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as used cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Andy Hunter, [handling director](https://www.bloomberg.com/profile/company/MNELF:US) Jim Walker and monetary [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal financial](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) investment [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of transport magnate [Sir Brian](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Souter, [validated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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.businessnews.com.au/Company/Mission-NewEnergy) [highlighted](https://www.zoominfo.com/c/mission-newenergy/346542889) [Argent's strong](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market position, including there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "exploring and buying ingenious and feasible green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a business which we believe can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and values that work with our own, and look forward to dealing with them to increase Argent Energy's future potential."<br>
+<br>Argent was established 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 as much as 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>
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