Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of  in the UK, has been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and tallow from the [meat market](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The firm will remain in private ownership and will continue to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) are to stay with the business.<br>
+<br>Souter Investments, the personal financial investment [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [transportation magnate](https://pitchbook.com/profiles/company/51278-86) Sir Brian Souter, [verified](https://pitchbook.com/profiles/company/51278-86) it had [offered](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire [highlighted](https://www.bloomberg.com/profile/company/MNELF:US) [Argent's strong](https://stocktwits.com/symbol/MNEL) market position, adding there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, said his business was devoted to "checking out and buying innovative and feasible green industries".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which we think can grow and flourish not only within the UK however likewise 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [workers](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a mix of [attributes](https://www.pinterest.com.au/missionnewenergy/) and worths that are suitable with our own, and anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was established 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 capability to produce up to 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>