Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturer [Argent Energy](https://www.zoominfo.com/c/mission-newenergy/346542889) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of large-scale business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [London-based John](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) Swire & Sons for a [concealed](https://www.businessnews.com.au/Company/Mission-NewEnergy) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will continue to run [separately](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Its senior management, [including chairman](https://www.crunchbase.com/organization/mission-newenergy) Andy Hunter, handling director Jim Walker and [financial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private 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 business of [transportation magnate](https://www.pinterest.com.au/missionnewenergy/) Sir Brian Souter, [confirmed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by John Swire highlighted Argent's [strong market](https://www.bloomberg.com/profile/company/MNELF:US) position, including there was now an  "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was dedicated to "checking out and investing in innovative and practical green industries".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and succeed not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<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 [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of qualities and values that work with our own, and eagerly anticipate working with them to [increase](https://www.crunchbase.com/organization/mission-newenergy) [Argent Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [future capacity](https://www.businessnews.com.au/Company/Mission-NewEnergy)."<br>
+<br>Argent was developed 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.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>