Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](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) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has actually been purchased by a green financial [investment business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a  sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and residues such as used [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and tallow from the meat industry.<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.bloomberg.com/profile/company/MNELF:US) Andy Hunter, [managing director](https://www.crunchbase.com/organization/mission-newenergy) Jim Walker and [financial director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal financial investment [company](https://www.pinterest.com.au/missionnewenergy/) of transport magnate Sir Brian Souter, [validated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) capacity'<br>
+<br>Mr Walker stated the investment by John Swire [underlined](https://www.zoominfo.com/c/mission-newenergy/346542889) [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, stated his [company](https://pitchbook.com/profiles/company/51278-86) was dedicated to "exploring and purchasing innovative and viable green markets".<br>
+<br>He added: "We are thrilled to be acquiring Argent Energy, a business which we believe can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [attributes](https://stocktwits.com/symbol/MNEL) and worths that are compatible with our own, and anticipate working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with 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.zoominfo.com/c/mission-newenergy/346542889) 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>