Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale business](https://www.businessnews.com.au/Company/Mission-NewEnergy) [production](https://www.bloomberg.com/profile/company/MNELF:US) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>The company will remain in private ownership and will continue to run [separately](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>Its senior management, [including chairman](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Andy Hunter, managing director Jim Walker and [monetary director](https://pitchbook.com/profiles/company/51278-86) [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to stay with the [business](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Souter Investments, the private investment company of [transportation magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, confirmed it had  its 37% stake in Argent.<br>
+<br>['Future](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) potential'<br>
+<br>Mr Walker said the [investment](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) by John Swire [highlighted](https://www.bloomberg.com/profile/company/MNELF:US) Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [committed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to "exploring and buying ingenious and viable green industries".<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 but also overseas, in specific 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 [employees](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) a mix of [characteristics](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and values that are suitable with our own, and look forward to dealing with them to maximise Argent Energy's future [capacity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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>