Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [manufacturer](https://www.bloomberg.com/profile/company/MNELF:US) [Argent Energy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been bought by a [green financial](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) [investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a [concealed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) and tallow from the [meat market](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>The firm will remain in private ownership and will continue to run [individually](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Its senior management, [including chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [private investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) business of transportation magnate Sir Brian Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Swire, of John Swire, stated his company was [committed](https://stocktwits.com/symbol/MNEL) to "exploring and buying innovative and feasible green markets".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we believe can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) & Sons Ltd sees in  staff members a mix of [characteristics](https://pitchbook.com/profiles/company/51278-86) and worths that are suitable with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed 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 capability to produce as much as 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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>