Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.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 a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat market](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The firm will stay in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.google.com/search?kgmid=/m/0cqd_rb) [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to remain with the [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [private investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of  [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [verified](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'<br>
+<br>Mr Walker said the financial investment by John Swire [underlined Argent's](https://www.businessnews.com.au/Company/Mission-NewEnergy) strong market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was dedicated to "exploring and investing in innovative and practical green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and flourish not just within the UK but 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 are compatible with our own, and look [forward](https://www.zoominfo.com/c/mission-newenergy/346542889) to working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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>