Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://pitchbook.com/profiles/company/51278-86) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial [production](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by a green financial [investment company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Argent, based near Motherwell, was [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.crunchbase.com/organization/mission-newenergy) such as used cooking oil and tallow from the meat industry.<br>
+<br>The company will stay in private ownership and will continue to run [independently](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).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director [Jim Boyd](https://pitchbook.com/profiles/company/51278-86) are to stay with the [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Souter Investments, the private investment business of [transport tycoon](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Sir Brian Souter, confirmed it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr Walker said the investment by John Swire [underlined](https://pitchbook.com/profiles/company/51278-86) [Argent's strong](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) was [devoted](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "exploring and purchasing innovative and practical green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which we think can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Sons Ltd sees in Argent Energy's [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of [characteristics](https://stocktwits.com/symbol/MNEL) and values that are suitable with our own, and eagerly anticipate dealing with them to  Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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>