Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [producer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Argent Energy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial 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 been purchased by a green investment [business](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of  Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://stocktwits.com/symbol/MNEL) and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [monetary director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private investment firm of [transport magnate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Sir Brian Souter, verified it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://stocktwits.com/symbol/MNEL) the investment by John Swire underlined [Argent's strong](https://stocktwits.com/symbol/MNEL) market position, [including](https://www.zoominfo.com/c/mission-newenergy/346542889) there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Swire, of John Swire, stated his business was [dedicated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "exploring and purchasing innovative and practical green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Sons Ltd sees in Argent Energy's [employees](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a mix of [attributes](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) and values that are compatible with our own, and eagerly anticipate working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought 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 as much as 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>