commit bdda33b86cacef18d95879d2e0c61f9e22ed73af
Author: Alina Moffet <barbra-ricketson@emailchain.space>
Date:   Fri Jan 10 19:39:48 2025 +0100

    Add Pioneering Biodiesel Producer Argent Energy Sold

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+<br>Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](https://pitchbook.com/profiles/company/51278-86) [production](https://pitchbook.com/profiles/company/51278-86) 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) in the UK, has been purchased by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as used [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil and tallow from the .<br>
+<br>The [company](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) will remain in [private ownership](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal financial investment business of [transport tycoon](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Sir Brian](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Souter, [validated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [financial investment](https://www.bloomberg.com/profile/company/MNELF:US) by John Swire [highlighted Argent's](https://stocktwits.com/symbol/MNEL) strong market position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [committed](https://www.crunchbase.com/organization/mission-newenergy) to "checking out and investing in innovative and viable green markets".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Sons Ltd sees in [Argent Energy's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) staff members a mix of characteristics and values that are compatible with our own, and anticipate working with them to maximise Argent [Energy's](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) future capacity."<br>
+<br>Argent was developed 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 capability to produce as much as 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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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