From 86f5a0ea31245a2583b9c530e3c37e9996d0e588 Mon Sep 17 00:00:00 2001
From: Bradley Chave <alma.merrill@emailclient.online>
Date: Sun, 12 Jan 2025 09:15:20 +0800
Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold

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+<br>[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.businessnews.com.au/Company/Mission-NewEnergy) of massive business [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a [green investment](https://www.pinterest.com.au/missionnewenergy/) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil and tallow from the [meat industry](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The firm will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Walker and [financial director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment business of [transportation magnate](https://forest500.org/rankings/companies/mission-newenergy-limited) [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, [confirmed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.pinterest.com.au/missionnewenergy/) Swire, of John Swire, stated his business was [devoted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "exploring and purchasing innovative and viable green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which we believe can grow and prosper not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>" & Sons Ltd sees in Argent Energy's [employees](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) a mix of qualities and values that work with our own, and eagerly anticipate working with them to [maximise](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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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