Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.pinterest.com.au/missionnewenergy/) of large-scale business [production](https://www.pinterest.com.au/missionnewenergy/) of [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) in the UK, has been bought by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Argent, based near Motherwell, was sold 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 such as used [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) and tallow from the [meat industry](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>The [company](https://www.zoominfo.com/c/mission-newenergy/346542889) will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Andy Hunter, [managing director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and monetary director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment company of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the  by John Swire highlighted Argent's [strong market](https://www.businessnews.com.au/Company/Mission-NewEnergy) position, including there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was devoted to "checking out and purchasing innovative and feasible green markets".<br>
+<br>He included: "We are happy to be getting Argent Energy, a business which we think can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that are suitable with our own, and [anticipate](https://www.google.com/search?kgmid=/m/0cqd_rb) working with them to maximise Argent Energy's future capacity."<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 capacity to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>