Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a [green investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.zoominfo.com/c/mission-newenergy/346542889) of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) fuel by recycling wastes and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management,  of chairman Andy Hunter, managing [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Walker and monetary director [Jim Boyd](https://www.businessnews.com.au/Company/Mission-NewEnergy) are to stay with the [business](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the [private financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) investment business of [transport magnate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [confirmed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by John [Swire underlined](https://forest500.org/rankings/companies/mission-newenergy-limited) Argent's strong market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "exploring and investing in ingenious and viable green industries".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) staff members a mix of qualities and worths that are compatible with our own, and look [forward](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to dealing with them to increase Argent Energy's future capacity."<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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>