Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) producer [Argent Energy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) offered<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 actually been purchased by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://pitchbook.com/profiles/company/51278-86) fuel by recycling wastes and residues such as used [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and tallow from the [meat industry](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>The firm will stay in [private ownership](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and will continue to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Walker and monetary director Jim Boyd are to remain with the [business](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Souter Investments, the [personal investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm of [transportation tycoon](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, [validated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) by John Swire underlined [Argent's strong](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) market position, including there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, stated his [company](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) was [devoted](https://www.crunchbase.com/organization/mission-newenergy) to "checking out and purchasing innovative and practical green markets".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a company which we believe can grow and prosper not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's  a mix of characteristics and values that work with our own, and [eagerly anticipate](https://www.bloomberg.com/profile/company/MNELF:US) dealing with them to increase Argent [Energy's future](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 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>