Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has been bought by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of  Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green road](https://stocktwits.com/symbol/MNEL) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will remain in private ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the [personal investment](https://www.google.com/search?kgmid=/m/0cqd_rb) firm of transport tycoon [Sir Brian](https://www.businessnews.com.au/Company/Mission-NewEnergy) Souter, [validated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) capacity'<br>
+<br>Mr Walker stated the [investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [John Swire](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [underlined Argent's](https://www.google.com/search?kgmid=/m/0cqd_rb) [strong market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) position, adding there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [dedicated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to "checking out and purchasing innovative and practical green markets".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) & Sons Ltd sees in [Argent Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) [employees](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of qualities and values that are compatible with our own, and look forward to dealing with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>