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Add Pioneering Biodiesel Producer Argent Energy Sold

Thomas Nyhan 2025-01-12 03:07:15 +08:00
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<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturer Argent Energy offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [large-scale business](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) production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been purchased by a [green investment](https://www.pinterest.com.au/missionnewenergy/) firm.<br>
<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for a concealed amount.<br>
<br>Argent makes [green road](https://www.bloomberg.com/profile/company/MNELF:US) fuel by recycling wastes and residues such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the [meat industry](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>The firm will remain in [private ownership](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and will continue to run individually.<br>
<br>Its senior management, including chairman Andy Hunter, [handling director](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) Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
<br>Souter Investments, the personal investment firm of [transportation tycoon](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Souter, [validated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had its 37% stake in Argent.<br>
<br>'Future potential'<br>
<br>Mr Walker stated the [financial investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) by John Swire underlined Argent's strong market position, [including](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) there was now an opportunity "to take Argent's skills more afield".<br>
<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, said his [business](https://www.crunchbase.com/organization/mission-newenergy) was devoted to "checking out and purchasing ingenious and feasible green markets".<br>
<br>He included: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of attributes and worths that are compatible with our own, and anticipate working with them to increase Argent [Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) future [potential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)."<br>
<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>