Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [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) [producer](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048)  sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale business](https://pitchbook.com/profiles/company/51278-86) production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has actually been bought by a [green investment](https://stocktwits.com/symbol/MNEL) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.pinterest.com.au/missionnewenergy/) to a subsidiary of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the meat market.<br>
+<br>The firm will stay in personal ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Andy Hunter, [managing director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and [financial director](https://www.google.com/search?kgmid=/m/0cqd_rb) [Jim Boyd](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) are to stay with the company.<br>
+<br>Souter Investments, the private investment [company](https://www.zoominfo.com/c/mission-newenergy/346542889) of [transport magnate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Sir Brian Souter, verified it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.bloomberg.com/profile/company/MNELF:US) capacity'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his company was committed to "exploring and purchasing ingenious and viable green industries".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a business which we believe can grow and succeed not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of [qualities](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and worths that work with our own, and look [forward](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [dealing](https://www.pinterest.com.au/missionnewenergy/) with them to [maximise Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought 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 up to 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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>