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/) [manufacturer Argent](https://www.google.com/search?kgmid=/m/0cqd_rb) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of massive commercial production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has been purchased by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and [residues](https://www.crunchbase.com/organization/mission-newenergy) such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the [meat industry](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The firm will remain in private ownership and will continue to run [separately](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Its senior management,  of chairman Andy Hunter, [handling](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) director Jim Walker and [monetary director](https://stocktwits.com/symbol/MNEL) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment firm of [transportation tycoon](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) 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 sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by John Swire [underlined](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [devoted](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "exploring and buying ingenious and feasible green industries".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a company which we think can grow and flourish not just within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in Argent Energy's workers a mix of attributes and values that work with our own, and eagerly anticipate dealing with them to [increase Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 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>