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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://forest500.org/rankings/companies/mission-newenergy-limited) of large-scale business [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a green financial [investment company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and residues such as used [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Andy Hunter, [handling director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Walker and monetary [director Jim](https://pitchbook.com/profiles/company/51278-86) Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of [transport tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Sir Brian Souter, [confirmed](https://www.zoominfo.com/c/mission-newenergy/346542889) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) capacity'<br>
+<br>Mr Walker said the investment by John Swire [underlined Argent's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) strong market position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, stated his business was dedicated to "checking out and buying ingenious and viable green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which we believe can grow and succeed not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) staff members a mix of  and worths that work with our own, and anticipate working with them to maximise Argent Energy's [future potential](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)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought 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.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>