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 leader of [massive commercial](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has been bought by a [green investment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [London-based John](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) Swire & Sons for a [concealed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and tallow from the .<br>
+<br>The firm will stay in [private ownership](https://pitchbook.com/profiles/company/51278-86) and will [continue](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to run separately.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.crunchbase.com/organization/mission-newenergy) Hunter, handling director Jim Walker and [monetary director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [private financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) investment company of transport magnate [Sir Brian](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'<br>
+<br>Mr Walker said the financial investment by John Swire underlined [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his company was dedicated to "checking out and buying ingenious and feasible green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) workers a mix of attributes and worths that work with our own, and look forward to [dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to increase Argent Energy's [future potential](https://www.crunchbase.com/organization/mission-newenergy)."<br>
+<br>Argent was developed 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 capability 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>