Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been bought by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an [undisclosed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sum.<br>
+<br>Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as used  and tallow from the meat market.<br>
+<br>The firm will remain in private ownership and will [continue](https://www.businessnews.com.au/Company/Mission-NewEnergy) to run [individually](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](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) Jim Walker and monetary director Jim Boyd are to remain with the company.<br>
+<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 its 37% stake in Argent.<br>
+<br>['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) potential'<br>
+<br>Mr Walker said the [investment](https://pitchbook.com/profiles/company/51278-86) by John Swire underlined [Argent's strong](https://www.crunchbase.com/organization/mission-newenergy) market position, adding there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, said his company was devoted to "checking out and investing in innovative and practical green markets".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and flourish not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that work with our own, and look forward to dealing with them to increase Argent Energy's future [capacity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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>