Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive commercial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.bloomberg.com/profile/company/MNELF:US) of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](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) Andy Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and [financial](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Boyd are to stay with the [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Souter Investments, the [private investment](https://stocktwits.com/symbol/MNEL) firm of transport magnate Sir Brian Souter, verified it had actually [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's [strong market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) position, [including](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) there was now an  "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, stated his business was [dedicated](https://forest500.org/rankings/companies/mission-newenergy-limited) to "checking out and buying ingenious and viable green industries".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://stocktwits.com/symbol/MNEL) & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) staff members a mix of characteristics and worths that are suitable with our own, and look forward to working with them to maximise Argent [Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought 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 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>