Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.pinterest.com.au/missionnewenergy/) of large-scale business [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://stocktwits.com/symbol/MNEL) in the UK, has actually been bought by a [green investment](https://stocktwits.com/symbol/MNEL) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green road](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as used cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Boyd are to remain with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the private investment firm of [transport magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.pinterest.com.au/missionnewenergy/) capacity'<br>
+<br>Mr Walker said the financial investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) highlighted Argent's strong market position, adding there was now an [opportunity](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his business was dedicated to "checking out and investing in innovative and viable green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>" & Sons Ltd sees in [Argent Energy's](https://pitchbook.com/profiles/company/51278-86) staff members a mix of characteristics and worths that work with our own, and look forward to working with them to maximise Argent Energy's future [capacity](https://www.bloomberg.com/profile/company/MNELF:US)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) 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>