Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale commercial](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [production](https://forest500.org/rankings/companies/mission-newenergy-limited) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been bought by a green investment [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://stocktwits.com/symbol/MNEL).<br>
+<br>The firm will remain in [personal ownership](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and will [continue](https://pitchbook.com/profiles/company/51278-86) to run .<br>
+<br>Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.zoominfo.com/c/mission-newenergy/346542889) and monetary [director Jim](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Boyd are to stay with the company.<br>
+<br>Souter Investments, the private financial investment business of transportation magnate Sir Brian Souter, verified it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) capacity'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's strong market position, [including](https://forest500.org/rankings/companies/mission-newenergy-limited) there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his [company](https://forest500.org/rankings/companies/mission-newenergy-limited) was [dedicated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to "exploring and purchasing ingenious and feasible green industries".<br>
+<br>He added: "We are delighted to be acquiring Argent Energy, a company which our company believe can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) staff members a mix of characteristics and values that work with our own, and eagerly anticipate [dealing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased 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://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>