Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [manufacturer Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of  [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the UK, has been purchased by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an [undisclosed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) amount.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by recycling wastes and residues such as used [cooking oil](https://stocktwits.com/symbol/MNEL) and tallow from the [meat market](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>The firm will remain in private ownership and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the [private investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm of [transport magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Sir Brian](https://stocktwits.com/symbol/MNEL) Souter, [validated](https://www.bloomberg.com/profile/company/MNELF:US) it had [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://pitchbook.com/profiles/company/51278-86) the investment by [John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.zoominfo.com/c/mission-newenergy/346542889) Swire, of John Swire, stated his business was devoted to "checking out and investing in ingenious and feasible green industries".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [characteristics](https://www.google.com/search?kgmid=/m/0cqd_rb) and values that work with our own, and look [forward](https://forest500.org/rankings/companies/mission-newenergy-limited) to dealing with them to [increase Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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 as much as 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>