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 Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the UK, has been [purchased](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to a subsidiary of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an [undisclosed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) amount.<br>
+<br>Argent makes [green roadway](https://www.bloomberg.com/profile/company/MNELF:US) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in [personal ownership](https://stocktwits.com/symbol/MNEL) and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [individually](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Hunter, handling [director Jim](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Walker and monetary director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private financial](https://www.pinterest.com.au/missionnewenergy/) investment business of [transportation magnate](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, confirmed it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) potential'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's strong market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now a chance "to take Argent's abilities further afield".<br>
+<br> Swire, of John Swire, stated his company was dedicated to "checking out and purchasing innovative and viable green industries".<br>
+<br>He added: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and succeed not only 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 workers a mix of [characteristics](https://www.businessnews.com.au/Company/Mission-NewEnergy) and values that work with our own, and eagerly anticipate dealing with them to increase 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 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>