From f84c8036eb48167d1785127e60f7fb42580763ab Mon Sep 17 00:00:00 2001
From: Franchesca Bonilla <annie.kauper@greatemails.online>
Date: Sun, 12 Jan 2025 03:50:27 +0000
Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of  [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has actually been bought by a [green financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [investment business](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>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an [undisclosed](https://www.pinterest.com.au/missionnewenergy/) sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) such as [utilized cooking](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil and tallow from the meat market.<br>
+<br>The [company](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) will stay in personal ownership and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, [including chairman](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Andy Hunter, managing 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://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the private investment firm of transport magnate Sir Brian Souter, [confirmed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire, of John Swire, said his business was [devoted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "exploring and investing in ingenious and practical green markets".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and prosper not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) employees a mix of qualities and values that work with our own, and look forward to working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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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