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

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+<br>[Pioneering](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [manufacturer Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has been bought by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) company.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a [concealed](https://pitchbook.com/profiles/company/51278-86) sum.<br>
+<br>Argent makes [green roadway](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as used [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) and tallow from the [meat industry](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>The company will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and  [Jim Boyd](https://www.google.com/search?kgmid=/m/0cqd_rb) are to stay with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the private investment company of transportation tycoon Sir Brian Souter, [verified](https://www.google.com/search?kgmid=/m/0cqd_rb) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire underlined [Argent's strong](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) market position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his company was devoted to "checking out and purchasing innovative and practical green industries".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which we think can grow and flourish not only within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that are suitable with our own, and look forward to dealing with them to maximise Argent [Energy's future](https://www.crunchbase.com/organization/mission-newenergy) 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>