Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](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) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [large-scale commercial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) production 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 by a green investment business.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will stay in private ownership and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Jim Boyd](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are to stay with the business.<br>
+<br>Souter Investments, the personal financial investment company of [transportation tycoon](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, [verified](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [underlined](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)  market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "checking out and purchasing ingenious and viable green markets".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a business which we think can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) a mix of attributes and worths that work with our own, and look [forward](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to working with them to maximise Argent Energy's future [capacity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with 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>