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](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://forest500.org/rankings/companies/mission-newenergy-limited) of large-scale industrial production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has actually been purchased by a [green investment](https://forest500.org/rankings/companies/mission-newenergy-limited) [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an  amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Walker and [monetary director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to remain with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the private investment firm of [transportation tycoon](https://pitchbook.com/profiles/company/51278-86) [Sir Brian](https://www.bloomberg.com/profile/company/MNELF:US) Souter, verified it had actually [offered](https://www.pinterest.com.au/missionnewenergy/) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was devoted to "checking out and purchasing innovative and feasible green industries".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a business which we think can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) & Sons Ltd sees in Argent Energy's [employees](https://www.businessnews.com.au/Company/Mission-NewEnergy) a mix of [characteristics](https://www.zoominfo.com/c/mission-newenergy/346542889) and worths that work with our own, and [anticipate dealing](https://www.crunchbase.com/organization/mission-newenergy) with them to [increase Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) future potential."<br>
+<br>Argent was developed 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 capability to produce as much as 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>