Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.pinterest.com.au/missionnewenergy/) producer [Argent Energy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) in the UK, has actually been bought 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 sold to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the [meat market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>The firm will remain in personal ownership and will continue to run [individually](https://stocktwits.com/symbol/MNEL).<br>
+<br>Its senior management, [including chairman](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) Andy Hunter, [handling director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and [financial director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Boyd are to stay with the .<br>
+<br>Souter Investments, the personal financial investment company of transportation magnate Sir Brian Souter, [confirmed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) capacity'<br>
+<br>Mr Walker said the investment by John Swire [underlined Argent's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [strong market](https://www.businessnews.com.au/Company/Mission-NewEnergy) position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was devoted to "exploring and investing in ingenious and viable green industries".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and prosper not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://stocktwits.com/symbol/MNEL) & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that work with our own, and eagerly anticipate dealing with them to [increase Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included 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.investing.com/equities/mission-newenergy-ltd-company-profile) 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>