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) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business production of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the UK, has been [purchased](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by a [green investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://forest500.org/rankings/companies/mission-newenergy-limited) of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an [undisclosed](https://stocktwits.com/symbol/MNEL) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://forest500.org/rankings/companies/mission-newenergy-limited) such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will remain in personal ownership and will continue to run [individually](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<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](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and financial director Jim Boyd are to stay with the [business](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the private financial investment [business](https://www.zoominfo.com/c/mission-newenergy/346542889) of transport tycoon Sir Brian Souter, confirmed it had offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://forest500.org/rankings/companies/mission-newenergy-limited) "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his  was [committed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to "checking out and buying ingenious and feasible green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a company which we think can grow and succeed not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) & Sons Ltd sees in [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) [workers](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) a mix of [attributes](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 worths that work with our own, and eagerly anticipate working with them to increase [Argent Energy's](https://stocktwits.com/symbol/MNEL) future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 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>