Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://pitchbook.com/profiles/company/51278-86) of large-scale business [production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sum.<br>
+<br>Argent makes [green road](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by recycling wastes and [residues](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) such as [utilized cooking](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) oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will [continue](https://www.bloomberg.com/profile/company/MNELF:US) to run [individually](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and financial [director Jim](https://stocktwits.com/symbol/MNEL) Boyd are to stay with the business.<br>
+<br>Souter Investments, the private investment  of transportation magnate Sir Brian Souter, confirmed it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) by John Swire highlighted [Argent's strong](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was devoted to "checking out and buying ingenious and practical green industries".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a company which we believe can grow and succeed not only within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) employees a mix of qualities and values that work with our own, and [eagerly anticipate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) dealing with them to [maximise Argent](https://www.bloomberg.com/profile/company/MNELF:US) [Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres 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) 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>