Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [manufacturer](https://pitchbook.com/profiles/company/51278-86) Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green financial](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) investment business.<br>
+<br>Argent, based near Motherwell, was [offered](https://pitchbook.com/profiles/company/51278-86) to a subsidiary of London-based John Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and residues such as used cooking oil and tallow from the [meat industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The firm will remain in [private ownership](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and will [continue](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to run [separately](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Jim Walker](https://www.zoominfo.com/c/mission-newenergy/346542889) and  Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) company of [transportation magnate](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by John Swire highlighted Argent's strong market position, including there was now an [opportunity](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) was [devoted](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "checking out and investing in ingenious and viable green industries".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a business which we think can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of attributes and worths that work with our own, and anticipate working with them to increase Argent [Energy's future](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) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included 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://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>