Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale commercial](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has been bought by a green financial investment [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://pitchbook.com/profiles/company/51278-86) fuel by [recycling wastes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and [residues](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oil and tallow from the [meat industry](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and monetary [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Boyd are to stay with the .<br>
+<br>Souter Investments, the personal investment firm of transportation magnate [Sir Brian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Souter, validated it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by John Swire [underlined](https://stocktwits.com/symbol/MNEL) [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was dedicated to "exploring and purchasing ingenious and practical green markets".<br>
+<br>He added: "We are happy to be acquiring Argent Energy, a business which we think can grow and flourish not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of attributes and worths that are suitable with our own, and look [forward](https://www.crunchbase.com/organization/mission-newenergy) to dealing with them to [maximise Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>