Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of large-scale business [production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the UK, has been bought by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [London-based John](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and [residues](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) such as [utilized cooking](https://stocktwits.com/symbol/MNEL) oil and tallow from the meat industry.<br>
+<br>The firm will stay in private ownership and will [continue](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Jim Walker](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and financial director [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to stay with the .<br>
+<br>Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, [confirmed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually [offered](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) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by John [Swire highlighted](https://www.pinterest.com.au/missionnewenergy/) [Argent's strong](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) market position, including there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, stated his company was committed to "checking out and buying ingenious and feasible green industries".<br>
+<br>He added: "We are happy to be getting Argent Energy, a business which we believe can grow and flourish not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) staff members a mix of attributes and worths that are suitable with our own, and eagerly anticipate dealing with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>