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<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br> |
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<br>23 July 2013<br> |
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<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been bought by a green investment firm.<br> |
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<br>Argent, based near Motherwell, was [offered](https://www.pinterest.com.au/missionnewenergy/) to a subsidiary of London-based John Swire & Sons for an sum.<br> |
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<br>Argent makes [green roadway](https://www.crunchbase.com/organization/mission-newenergy) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br> |
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<br>The firm will remain in [private ownership](https://forest500.org/rankings/companies/mission-newenergy-limited) and will [continue](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to run [independently](https://www.google.com/search?kgmid=/m/0cqd_rb).<br> |
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<br>Its senior management, [including chairman](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the business.<br> |
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<br>Souter Investments, the private investment business of transport magnate Sir Brian Souter, [validated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br> |
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<br>['Future](https://www.pinterest.com.au/missionnewenergy/) potential'<br> |
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<br>Mr Walker stated the investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) [underlined Argent's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [strong market](https://www.google.com/search?kgmid=/m/0cqd_rb) position, adding there was now an [opportunity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) "to take Argent's skills more afield".<br> |
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<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, stated his company was [devoted](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to "exploring and buying ingenious and feasible green markets".<br> |
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<br>He added: "We are delighted to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br> |
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<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [workers](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of qualities and worths that work with our own, and eagerly anticipate dealing with them to maximise Argent Energy's future potential."<br> |
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<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.<br> |
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<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a year.<br> |
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<br>Cooking oil to run buses in trial<br> |
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<br>4 November 2011<br> |
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<br>Argent Energy<br> |
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<br>Souter Investments<br> |
