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/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [producer](https://www.pinterest.com.au/missionnewenergy/) [Argent Energy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale commercial [production](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green road](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The firm will stay in personal ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director  and financial director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of [transport magnate](https://stocktwits.com/symbol/MNEL) Sir Brian Souter, validated it had actually offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the [financial investment](https://www.pinterest.com.au/missionnewenergy/) by John Swire [highlighted](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now an [opportunity](https://www.businessnews.com.au/Company/Mission-NewEnergy) "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire, of John Swire, said his [business](https://pitchbook.com/profiles/company/51278-86) was [dedicated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "checking out and buying innovative and viable green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a company which we think can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) & Sons Ltd sees in Argent Energy's employees a mix of [attributes](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and worths that are [suitable](https://www.google.com/search?kgmid=/m/0cqd_rb) with our own, and look forward to working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>