Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [producer Argent](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) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been [purchased](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) by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://pitchbook.com/profiles/company/51278-86) to a subsidiary of  Swire & Sons for an [undisclosed](https://stocktwits.com/symbol/MNEL) sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in [personal ownership](https://www.businessnews.com.au/Company/Mission-NewEnergy) and will continue to run [individually](https://stocktwits.com/symbol/MNEL).<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the private financial investment [company](https://www.google.com/search?kgmid=/m/0cqd_rb) of transport magnate Sir Brian Souter, [verified](https://www.google.com/search?kgmid=/m/0cqd_rb) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's strong market position, including there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, said his business was devoted to "exploring and purchasing innovative and viable green industries".<br>
+<br>He included: "We are delighted to be acquiring Argent Energy, a business which we think can grow and flourish not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) [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](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and values that are suitable with our own, and [eagerly anticipate](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) dealing with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>