From ab33cfd0c11b163c310b69cd42a994904f99da62 Mon Sep 17 00:00:00 2001
From: Leah Whitford <alberto-lash@emailglobal.website>
Date: Fri, 10 Jan 2025 13:56:11 -0800
Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold

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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) [producer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been [purchased](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [London-based John](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The firm will remain in private ownership and will continue to run [separately](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Hunter, handling director Jim Walker and [monetary director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Boyd are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the personal financial investment company of [transportation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)  Brian Souter, [validated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the investment by John Swire underlined Argent's [strong market](https://www.bloomberg.com/profile/company/MNELF:US) position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was [committed](https://pitchbook.com/profiles/company/51278-86) to "exploring and purchasing innovative and feasible green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and prosper not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.businessnews.com.au/Company/Mission-NewEnergy) a mix of characteristics and worths that are [suitable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with our own, and eagerly anticipate dealing with them to [increase Argent](https://www.google.com/search?kgmid=/m/0cqd_rb) Energy's future [potential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)."<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 capacity to produce as much as 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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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