Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](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) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the UK, has actually been purchased by a [green financial](https://www.businessnews.com.au/Company/Mission-NewEnergy) investment company.<br>
+<br>Argent, based near Motherwell, was [offered](https://pitchbook.com/profiles/company/51278-86) to a subsidiary of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by recycling wastes and [residues](https://www.pinterest.com.au/missionnewenergy/) such as used [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and tallow from the meat market.<br>
+<br>The [company](https://pitchbook.com/profiles/company/51278-86) will stay in private ownership and will [continue](https://www.crunchbase.com/organization/mission-newenergy) to run [individually](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://pitchbook.com/profiles/company/51278-86) Jim Walker and financial director Jim Boyd are to remain with the [business](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the [private investment](https://www.crunchbase.com/organization/mission-newenergy) company of  Sir Brian Souter, [confirmed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had actually [offered](https://pitchbook.com/profiles/company/51278-86) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the investment by John Swire highlighted Argent's strong market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was committed to "checking out and buying innovative and practical green markets".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which we think can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [attributes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and values that are compatible with our own, and eagerly anticipate dealing with them to [maximise Argent](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) Energy's future [capacity](https://www.businessnews.com.au/Company/Mission-NewEnergy)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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>