Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [producer Argent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.businessnews.com.au/Company/Mission-NewEnergy) of large-scale industrial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a green financial investment [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of  Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.bloomberg.com/profile/company/MNELF:US) and residues such as utilized cooking oil and tallow from the [meat industry](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private investment [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [transportation](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) magnate Sir Brian Souter, [validated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://stocktwits.com/symbol/MNEL) by John Swire [underlined Argent's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) strong market position, adding there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://stocktwits.com/symbol/MNEL) Swire, of John Swire, stated his business was [dedicated](https://pitchbook.com/profiles/company/51278-86) to "checking out and buying innovative and practical green markets".<br>
+<br>He included: "We are thrilled to be acquiring Argent Energy, a business which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that work with our own, and look forward to dealing with them to [increase Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy's future [potential](https://pitchbook.com/profiles/company/51278-86)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>