Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer [Argent Energy](https://www.bloomberg.com/profile/company/MNELF:US) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been [purchased](https://www.zoominfo.com/c/mission-newenergy/346542889) by a green financial [investment business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for a [concealed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in personal ownership and will continue to run .<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [director Jim](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) Walker and monetary director [Jim Boyd](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the personal investment company of [transport tycoon](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Sir Brian Souter, [confirmed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "exploring and purchasing ingenious and feasible green markets".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a business which we think can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and worths that work with our own, and [eagerly anticipate](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) working with them to maximise [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [future capacity](https://www.crunchbase.com/organization/mission-newenergy)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased 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 up to 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>