Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has actually been bought by a green financial [investment business](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Argent, based near Motherwell, was [offered](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) to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green road](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel by recycling wastes and [residues](https://pitchbook.com/profiles/company/51278-86) such as used [cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil and tallow from the [meat market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>The [company](https://www.google.com/search?kgmid=/m/0cqd_rb) will remain in personal ownership and will [continue](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) to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.bloomberg.com/profile/company/MNELF:US) Jim Boyd are to stay with the [company](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Souter Investments, the private investment firm of [transportation tycoon](https://forest500.org/rankings/companies/mission-newenergy-limited) Sir Brian Souter, confirmed it had  its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by John Swire underlined Argent's [strong market](https://forest500.org/rankings/companies/mission-newenergy-limited) position, adding there was now an [opportunity](https://www.pinterest.com.au/missionnewenergy/) "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his [business](https://stocktwits.com/symbol/MNEL) was devoted to "checking out and investing in ingenious and viable green industries".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a company which we believe can grow and succeed not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that are compatible with our own, and look forward to working with them to [maximise Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>