Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale commercial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been bought by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://stocktwits.com/symbol/MNEL) and residues such as [utilized cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil and tallow from the meat industry.<br>
+<br>The [company](https://www.google.com/search?kgmid=/m/0cqd_rb) will stay in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and monetary director [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to stay with the company.<br>
+<br>Souter Investments, the [personal investment](https://pitchbook.com/profiles/company/51278-86) firm of [transportation tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Sir Brian Souter, confirmed it had actually [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'<br>
+<br>Mr Walker said the financial investment by John Swire underlined [Argent's strong](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) market position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his [company](https://www.google.com/search?kgmid=/m/0cqd_rb) was dedicated to "exploring and investing in ingenious and practical green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a company which we think can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's employees a mix of  and worths that are suitable with our own, and anticipate working with them to maximise Argent [Energy's future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management together with 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>