Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [producer Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire & Sons for an [undisclosed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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://www.zoominfo.com/c/mission-newenergy/346542889) and tallow from the meat industry.<br>
+<br>The company will stay in [private ownership](https://www.google.com/search?kgmid=/m/0cqd_rb) and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director Jim](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) Walker and [monetary director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private investment firm of  [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had [offered](https://pitchbook.com/profiles/company/51278-86) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](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) by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [highlighted Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, including there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was devoted to "checking out and buying ingenious and viable green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a business which our company believe can grow and flourish not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of [attributes](https://pitchbook.com/profiles/company/51278-86) and values that are compatible with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established 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 capability to produce up to 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) 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>