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) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://pitchbook.com/profiles/company/51278-86) production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a  of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as utilized cooking oil and tallow from the meat market.<br>
+<br>The [company](https://www.businessnews.com.au/Company/Mission-NewEnergy) will remain in [private](https://www.crunchbase.com/organization/mission-newenergy) [ownership](https://pitchbook.com/profiles/company/51278-86) and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.crunchbase.com/organization/mission-newenergy) Jim Boyd are to remain with the [business](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the personal investment company of [transportation magnate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Sir Brian](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Souter, [verified](https://pitchbook.com/profiles/company/51278-86) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) capacity'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position, [including](https://www.pinterest.com.au/missionnewenergy/) there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, said his company was devoted to "exploring and investing in innovative and viable green industries".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and flourish not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of attributes and values that are compatible with our own, and anticipate dealing with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of 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>