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 sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and residues such as used [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) and tallow from the [meat industry](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The [company](https://www.zoominfo.com/c/mission-newenergy/346542889) will stay in private ownership and will [continue](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to run [independently](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Its senior management, consisting of [chairman Andy](https://forest500.org/rankings/companies/mission-newenergy-limited) Hunter, [managing director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Jim Walker and monetary director [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to remain with the business.<br>
+<br>Souter Investments, the private investment firm of  Sir Brian Souter, [validated](https://www.zoominfo.com/c/mission-newenergy/346542889) it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) highlighted Argent's strong market position, adding there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, stated his business was dedicated to "exploring and buying ingenious and practical green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a business which we think can grow and flourish not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) staff members a mix of [qualities](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) and values that are compatible with our own, and eagerly anticipate [dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to [maximise](https://www.google.com/search?kgmid=/m/0cqd_rb) Argent Energy's future [potential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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>