Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial production 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 [purchased](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by a [green financial](https://www.zoominfo.com/c/mission-newenergy/346542889) .<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in [private ownership](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to stay with the [company](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>Souter Investments, the [personal investment](https://www.pinterest.com.au/missionnewenergy/) firm of transport magnate [Sir Brian](https://www.zoominfo.com/c/mission-newenergy/346542889) Souter, [confirmed](https://www.crunchbase.com/organization/mission-newenergy) it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [highlighted Argent's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) strong market position, adding there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, stated his [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) was [committed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to "exploring and buying ingenious and practical green industries".<br>
+<br>He added: "We are happy to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK however also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.pinterest.com.au/missionnewenergy/) & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) staff members a mix of [characteristics](https://forest500.org/rankings/companies/mission-newenergy-limited) and values that work with our own, and anticipate working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management along 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/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.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>