Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://stocktwits.com/symbol/MNEL) in the UK, has been bought by a [green investment](https://pitchbook.com/profiles/company/51278-86) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and residues such as [utilized cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the [meat industry](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>The [company](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) will remain in [private ownership](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and will continue to run individually.<br>
+<br>Its senior management, [consisting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of chairman Andy Hunter, [handling](https://www.zoominfo.com/c/mission-newenergy/346542889)  Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Jim Boyd](https://www.crunchbase.com/organization/mission-newenergy) are to stay with the business.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm of transport magnate Sir Brian Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [highlighted Argent's](https://stocktwits.com/symbol/MNEL) [strong market](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, [including](https://www.zoominfo.com/c/mission-newenergy/346542889) there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was committed to "exploring and buying innovative and viable green industries".<br>
+<br>He included: "We are thrilled to be acquiring Argent Energy, a business which we believe can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that are suitable with our own, and anticipate working with them to maximise Argent [Energy's future](https://stocktwits.com/symbol/MNEL) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of biodiesel 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>