Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a green financial [investment](https://www.pinterest.com.au/missionnewenergy/) [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of  Swire & Sons for an [undisclosed](https://forest500.org/rankings/companies/mission-newenergy-limited) amount.<br>
+<br>Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the meat industry.<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing](https://www.businessnews.com.au/Company/Mission-NewEnergy) [director Jim](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Walker and [monetary director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the private financial investment company of [transport magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, verified it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.bloomberg.com/profile/company/MNELF:US) [highlighted Argent's](https://www.businessnews.com.au/Company/Mission-NewEnergy) strong market position, including there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was committed to "checking out and purchasing ingenious and viable green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that work with our own, and eagerly anticipate [dealing](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with them to [maximise Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy's future [potential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>