From e0ebc277f5369cc35c82593488f5dac6cea5b69f Mon Sep 17 00:00:00 2001
From: Dyan Zaleski <briantedesco@emailchief.website>
Date: Sun, 12 Jan 2025 06:53:40 +0800
Subject: [PATCH] Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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+<br>Pioneering biodiesel producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) production of [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) in the UK, has actually been bought by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.google.com/search?kgmid=/m/0cqd_rb) of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for a [concealed](https://forest500.org/rankings/companies/mission-newenergy-limited) amount.<br>
+<br>Argent makes [green road](https://www.crunchbase.com/organization/mission-newenergy) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The [company](https://www.crunchbase.com/organization/mission-newenergy) will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.pinterest.com.au/missionnewenergy/) Andy Hunter, [managing director](https://stocktwits.com/symbol/MNEL) Jim Walker and  director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the private financial investment business of transport tycoon [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, validated it had offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by John Swire [underlined](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Argent's strong market position, [including](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, stated his company was [devoted](https://www.bloomberg.com/profile/company/MNELF:US) to "checking out and buying ingenious and practical green markets".<br>
+<br>He included: "We are pleased 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 companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) [employees](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of [qualities](https://www.crunchbase.com/organization/mission-newenergy) and values that work with our own, and eagerly anticipate dealing with them to maximise Argent [Energy's future](https://stocktwits.com/symbol/MNEL) potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management in addition to 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/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.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>
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