Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [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.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of  in the UK, has actually been bought by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](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) such as [utilized](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in [private ownership](https://pitchbook.com/profiles/company/51278-86) and will [continue](https://www.crunchbase.com/organization/mission-newenergy) to run [independently](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal financial investment company of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, validated it had [offered](https://www.bloomberg.com/profile/company/MNELF:US) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.zoominfo.com/c/mission-newenergy/346542889) by John Swire highlighted [Argent's](https://www.crunchbase.com/organization/mission-newenergy) [strong market](https://www.crunchbase.com/organization/mission-newenergy) position, adding there was now a chance "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) was dedicated to "exploring and purchasing innovative and feasible green industries".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a business which we think can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and [anticipate dealing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought 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://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>