From efbfd04b4aca8baded93db7ab29c7ce87057b29c Mon Sep 17 00:00:00 2001
From: kendallkee8548 <kendall.mena-5893@emailchain.space>
Date: Sat, 11 Jan 2025 14:43:23 +0100
Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold

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+<br>Pioneering biodiesel manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has been bought by a [green investment](https://www.google.com/search?kgmid=/m/0cqd_rb) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as utilized cooking oil and tallow from the meat market.<br>
+<br>The [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) will remain in private ownership and will continue to run [independently](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Its senior management, consisting of  Hunter, [managing director](https://pitchbook.com/profiles/company/51278-86) [Jim Walker](https://forest500.org/rankings/companies/mission-newenergy-limited) and [financial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Boyd are to stay with the [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Souter Investments, the private investment firm of [transport magnate](https://www.pinterest.com.au/missionnewenergy/) Sir Brian Souter, validated it had actually offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) [highlighted Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, stated his [company](https://forest500.org/rankings/companies/mission-newenergy-limited) was [dedicated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to "exploring and buying ingenious and feasible green markets".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and flourish not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of characteristics and values that are compatible with our own, and look forward to working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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>
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