Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale commercial](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and [residues](https://www.pinterest.com.au/missionnewenergy/) such as  oil and tallow from the [meat market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>The firm will remain in private ownership and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Walker and [monetary director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [private investment](https://www.crunchbase.com/organization/mission-newenergy) company of transportation magnate Sir Brian Souter, verified it had [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) its 37% stake in Argent.<br>
+<br>['Future](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.crunchbase.com/organization/mission-newenergy) highlighted Argent's strong market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.zoominfo.com/c/mission-newenergy/346542889) Swire, of John Swire, stated his company was committed to "exploring and investing in ingenious and feasible green industries".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a business which we think can grow and prosper not only within the UK but likewise overseas, in particular 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 qualities and worths that work with our own, and [eagerly anticipate](https://www.crunchbase.com/organization/mission-newenergy) working with them to increase Argent [Energy's](https://www.crunchbase.com/organization/mission-newenergy) future [capacity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with 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.investing.com/equities/mission-newenergy-ltd-company-profile) 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>