Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [producer Argent](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.pinterest.com.au/missionnewenergy/) of massive commercial production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has actually been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an [undisclosed](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) amount.<br>
+<br>Argent makes [green roadway](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) fuel by recycling wastes and residues such as [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](https://stocktwits.com/symbol/MNEL) Andy Hunter, [managing director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Walker and [financial director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to stay with the [business](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Souter Investments, the [private investment](https://pitchbook.com/profiles/company/51278-86) firm of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter,  it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](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) the [financial investment](https://www.google.com/search?kgmid=/m/0cqd_rb) by John Swire underlined Argent's strong market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was committed to "checking out and buying innovative and feasible green markets".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which our company believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [employees](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of characteristics and values that work with our own, and look forward to dealing with them to [increase Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Energy's future](https://www.bloomberg.com/profile/company/MNELF:US) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability 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>