Add Pioneering Biodiesel Producer Argent Energy Sold

Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md

@@ -0,0 +1,19 @@
+<br>[Pioneering biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [manufacturer Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [large-scale 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) production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has actually been [purchased](https://www.zoominfo.com/c/mission-newenergy/346542889) by a green financial [investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) company.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as  oil and tallow from the meat industry.<br>
+<br>The firm will remain in private ownership and will [continue](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to run [independently](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Walker and monetary [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment firm of [transportation magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, [confirmed](https://www.crunchbase.com/organization/mission-newenergy) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) capacity'<br>
+<br>Mr Walker stated the investment by John Swire underlined [Argent's strong](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was dedicated to "checking out and buying ingenious and practical green industries".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and prosper not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<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) staff members a mix of [qualities](https://www.google.com/search?kgmid=/m/0cqd_rb) and worths that work with our own, and look forward to dealing with them to increase Argent [Energy's future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased 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 as much as 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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>