Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a  firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for a [concealed](https://www.bloomberg.com/profile/company/MNELF:US) sum.<br>
+<br>Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in personal ownership and will [continue](https://www.pinterest.com.au/missionnewenergy/) to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling](https://www.businessnews.com.au/Company/Mission-NewEnergy) [director Jim](https://www.google.com/search?kgmid=/m/0cqd_rb) Walker and [financial director](https://www.pinterest.com.au/missionnewenergy/) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm of [transport magnate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was [dedicated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "exploring and purchasing innovative and viable green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) & Sons Ltd sees in Argent Energy's [employees](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of qualities and worths that work with our own, and [eagerly anticipate](https://pitchbook.com/profiles/company/51278-86) 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 which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>