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Add Pioneering Biodiesel Producer Argent Energy Sold

Ariel Propsting 2025-01-11 16:23:03 +00:00
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<br>[Pioneering biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) producer Argent Energy sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a [pioneer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of large-scale industrial [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the UK, has actually been bought by a green financial investment [company](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Argent, based near Motherwell, was [offered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to a subsidiary of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a [concealed](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) amount.<br>
<br>Argent makes [green roadway](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel by recycling wastes and residues such as used [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) and tallow from the meat market.<br>
<br>The firm will remain in personal ownership and will continue to run [individually](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).<br>
<br>Its senior management, [including chairman](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Andy Hunter, handling director [Jim Walker](https://forest500.org/rankings/companies/mission-newenergy-limited) and financial director [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to remain with the [company](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Souter Investments, the [private 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) firm of transport magnate Sir Brian Souter, verified it had sold its 37% stake in Argent.<br>
<br>['Future](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) potential'<br>
<br>Mr Walker said the investment by [John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) underlined Argent's strong market position, including there was now a chance "to take Argent's skills further afield".<br>
<br>Barnaby Swire, of John Swire, stated his [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) was dedicated to "exploring and purchasing ingenious and viable green industries".<br>
<br>He included: "We are happy to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
<br>" & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that work with our own, and [anticipate dealing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with them to increase Argent Energy's future capacity."<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 capacity to produce as much as 50 million litres of [biodiesel](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) 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>