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) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [large-scale business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been bought by a [green investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.zoominfo.com/c/mission-newenergy/346542889) of [London-based John](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) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [director](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Jim Walker and financial director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [personal financial](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)  business of [transportation magnate](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, validated it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) potential'<br>
+<br>Mr Walker said the [investment](https://www.crunchbase.com/organization/mission-newenergy) by John Swire highlighted Argent's strong market position, including there was now an [opportunity](https://www.zoominfo.com/c/mission-newenergy/346542889) "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) was devoted to "exploring and investing in innovative and viable green markets".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) employees a mix of [attributes](https://www.crunchbase.com/organization/mission-newenergy) and values that are suitable with our own, and anticipate working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed 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 capability to produce as much as 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>