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) producer [Argent Energy](https://www.zoominfo.com/c/mission-newenergy/346542889) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale industrial](https://www.crunchbase.com/organization/mission-newenergy) [production](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has been purchased by a green investment company.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as used cooking oil and tallow from the [meat industry](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>The company will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, [consisting](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) of chairman Andy Hunter, [handling director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Walker and [financial director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm of [transportation magnate](https://www.google.com/search?kgmid=/m/0cqd_rb) Sir Brian Souter, [validated](https://www.zoominfo.com/c/mission-newenergy/346542889) it had actually offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire [underlined](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position,  there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) was dedicated to "checking out and purchasing innovative and practical green industries".<br>
+<br>He added: "We are happy to be acquiring Argent Energy, a company which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's workers a mix of attributes and values that are suitable with our own, and [anticipate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) working with them to increase Argent Energy's future capacity."<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 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>