Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale industrial](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been bought by a [green investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](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) of London-based John Swire & Sons for an [undisclosed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) sum.<br>
+<br>Argent makes [green road](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will stay in [personal ownership](https://pitchbook.com/profiles/company/51278-86) and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [personal financial](https://www.pinterest.com.au/missionnewenergy/) investment business of transport magnate Sir Brian Souter, [verified](https://www.businessnews.com.au/Company/Mission-NewEnergy) it had actually [offered](https://www.crunchbase.com/organization/mission-newenergy) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by John Swire [underlined](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Argent's](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)  position, adding there was now an [opportunity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) was devoted to "exploring and investing in ingenious and feasible green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) workers a mix of qualities and values that are suitable with our own, and look forward to dealing with them to increase Argent Energy's [future potential](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 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>