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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of massive business production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://forest500.org/rankings/companies/mission-newenergy-limited) such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat market](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>The firm will remain in  and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Boyd are to stay with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the personal financial investment [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of transportation tycoon Sir Brian 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](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) capacity'<br>
+<br>Mr Walker said the investment by John Swire [highlighted Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, including there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [dedicated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "checking out and buying innovative and feasible green industries".<br>
+<br>He added: "We are delighted to be acquiring Argent Energy, a business which we think can grow and flourish not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's [employees](https://www.pinterest.com.au/missionnewenergy/) a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and worths that are compatible with our own, and [anticipate](https://www.bloomberg.com/profile/company/MNELF:US) working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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>