From 0d772588cd38a89180f9cb0205a2106c77f9fba5 Mon Sep 17 00:00:00 2001
From: Della Jeffers <birgit.saxton_7599@emailsgateway.store>
Date: Sun, 12 Jan 2025 15:27:58 +0800
Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold

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+<br>[Pioneering](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for an [undisclosed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) amount.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by recycling wastes and [residues](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) such as used [cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run [individually](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) director Jim Walker and financial director [Jim Boyd](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) are to stay with the .<br>
+<br>Souter Investments, the personal financial investment company of transport magnate Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) potential'<br>
+<br>Mr Walker said the investment by John Swire [underlined](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position, adding there was now an [opportunity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire, of John Swire, stated his [company](https://www.zoominfo.com/c/mission-newenergy/346542889) was dedicated to "checking out and purchasing ingenious and viable green industries".<br>
+<br>He added: "We are delighted to be acquiring Argent Energy, a company which our company believe can grow and flourish not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) staff members a mix of attributes and worths that are suitable with our own, and [anticipate dealing](https://forest500.org/rankings/companies/mission-newenergy-limited) with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that 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.zoominfo.com/c/mission-newenergy/346542889) 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>
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