Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business 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 actually been [purchased](https://www.pinterest.com.au/missionnewenergy/) by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.google.com/search?kgmid=/m/0cqd_rb) amount.<br>
+<br>Argent makes  fuel by recycling wastes and [residues](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will [continue](https://pitchbook.com/profiles/company/51278-86) 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](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Hunter, managing director Jim Walker and [monetary director](https://www.businessnews.com.au/Company/Mission-NewEnergy) Jim Boyd are to remain with the [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>Souter Investments, the [personal financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) investment business of transport magnate Sir Brian Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong 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](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was devoted to "checking out and purchasing innovative and feasible green industries".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) workers a mix of [characteristics](https://www.zoominfo.com/c/mission-newenergy/346542889) and worths that are compatible with our own, and [eagerly anticipate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) dealing with them to increase Argent Energy's [future potential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along 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.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>