Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering biodiesel producer [Argent Energy](https://www.businessnews.com.au/Company/Mission-NewEnergy) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [massive business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has been bought by a [green investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes and [residues](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as used [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and tallow from the [meat industry](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>The firm will stay in [private ownership](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and will continue to run .<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and [monetary director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of transportation tycoon Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by John Swire highlighted Argent's strong market position, including there was now an [opportunity](https://stocktwits.com/symbol/MNEL) "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, stated his [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) was [devoted](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to "checking out and purchasing innovative and viable green industries".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a business which we think can grow and succeed not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's employees a mix of attributes and worths that are compatible with our own, and [eagerly anticipate](https://forest500.org/rankings/companies/mission-newenergy-limited) [dealing](https://www.bloomberg.com/profile/company/MNELF:US) with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that 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](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>