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/) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been purchased by a green financial [investment business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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.energy-xprt.com/companies/mission-newenergy-limited-36048) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used  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](https://www.crunchbase.com/organization/mission-newenergy) to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://forest500.org/rankings/companies/mission-newenergy-limited) [Jim Boyd](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) are to remain with the [company](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Souter Investments, the private investment company of transportation tycoon Sir Brian Souter, verified it had [offered](https://www.pinterest.com.au/missionnewenergy/) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the financial investment by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [underlined Argent's](https://www.google.com/search?kgmid=/m/0cqd_rb) strong market position, [including](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://stocktwits.com/symbol/MNEL) Swire, of John Swire, said his company was devoted to "checking out and buying innovative and viable green industries".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and flourish not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.zoominfo.com/c/mission-newenergy/346542889) a mix of [qualities](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and worths that are compatible with our own, and [anticipate](https://www.crunchbase.com/organization/mission-newenergy) working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management along with 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>