Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](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) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale commercial [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a [green investment](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) [business](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for an  sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.crunchbase.com/organization/mission-newenergy) such as [utilized](https://forest500.org/rankings/companies/mission-newenergy-limited) [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and tallow from the meat market.<br>
+<br>The firm will stay in personal ownership and will continue to run [separately](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.pinterest.com.au/missionnewenergy/) Hunter, handling director Jim Walker and financial director [Jim Boyd](https://pitchbook.com/profiles/company/51278-86) are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the private investment firm of transportation tycoon Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by John Swire [highlighted Argent's](https://www.bloomberg.com/profile/company/MNELF:US) [strong market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his business was devoted to "checking out and purchasing ingenious and practical green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a company which we think can grow and prosper not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://stocktwits.com/symbol/MNEL) staff members a mix of attributes and worths that work with our own, and [anticipate dealing](https://forest500.org/rankings/companies/mission-newenergy-limited) with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>