Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [manufacturer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale commercial](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) production of  in the UK, has been [purchased](https://www.zoominfo.com/c/mission-newenergy/346542889) by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://stocktwits.com/symbol/MNEL) and [residues](https://www.crunchbase.com/organization/mission-newenergy) such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will remain in personal ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, [consisting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of chairman Andy Hunter, [handling](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) director Jim Walker and financial director Jim Boyd are to remain with the [company](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the personal investment firm of [transportation tycoon](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Sir Brian Souter, [validated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had [offered](https://www.bloomberg.com/profile/company/MNELF:US) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by John Swire highlighted [Argent's strong](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) market position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "checking out and investing in innovative and viable green markets".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a business which our company believe can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) & Sons Ltd sees in Argent Energy's [employees](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) a mix of [attributes](https://stocktwits.com/symbol/MNEL) and worths that work with our own, and [anticipate](https://forest500.org/rankings/companies/mission-newenergy-limited) working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 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>