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Argent Energy, the Motherwell-based biodiesel supplier, has been acquired by John Swire & Sons for an estimated £80m.
Argent Energy has secured a £7m funding package to expand its Motherwell-based biodiesel business, with the creation of 15 jobs.
Argent Energy has sold an estimated 50% stake in its Scottish biodiesel production business to Souter Investments, which is owned by the founder of the Stagecoach bus company.
Argent Energy is seeking permission to build a £45m biodiesel plant in Ellesmere Port by 2008, with the creation of 50 jobs.
Argent Energy is looking to set up at least two more biodiesel production plants in the UK, having just opened a £15m plant in Motherwell that produces fuel from animal fat and cooking oil.
Argent Energy has announced plans to build a £10m biodiesel production facility at Newarthill in Lanarkshire by early 2004, providing an outlet for excess tallow from abattoirs.