Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [producer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Argent Energy](https://stocktwits.com/symbol/MNEL) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial [production](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been bought by a [green investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to a subsidiary of London-based John Swire & Sons for an  sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.zoominfo.com/c/mission-newenergy/346542889) such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will [continue](https://stocktwits.com/symbol/MNEL) to run [separately](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Its senior management, [including chairman](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Andy Hunter, [handling director](https://www.zoominfo.com/c/mission-newenergy/346542889) [Jim Walker](https://www.bloomberg.com/profile/company/MNELF:US) and financial director Jim Boyd are to remain with the [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>Souter Investments, the personal investment business of transportation magnate Sir Brian Souter, verified it had actually [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by John Swire [underlined Argent's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [strong market](https://www.pinterest.com.au/missionnewenergy/) position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, stated his business was committed to "checking out and investing in ingenious and feasible green industries".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and prosper not just within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.bloomberg.com/profile/company/MNELF:US) a mix of attributes and worths that work with our own, and look forward to dealing with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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>