Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of massive commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a green investment company.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The [company](https://www.bloomberg.com/profile/company/MNELF:US) will stay in personal ownership and will continue to run [separately](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and  director Jim Boyd are to remain with 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).<br>
+<br>Souter Investments, the [personal investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm of transportation magnate Sir Brian Souter, confirmed it had actually [offered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential'<br>
+<br>Mr Walker said the [investment](https://www.bloomberg.com/profile/company/MNELF:US) by John Swire [highlighted Argent's](https://stocktwits.com/symbol/MNEL) [strong market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) position, [including](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](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) Swire, of John Swire, stated his business was devoted to "checking out and investing in innovative and viable green markets".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and flourish not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of qualities and worths that work with our own, and [anticipate dealing](https://www.google.com/search?kgmid=/m/0cqd_rb) with them to maximise Argent [Energy's future](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [capacity](https://forest500.org/rankings/companies/mission-newenergy-limited)."<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 as much as 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>