Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has actually been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](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) of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>The firm will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and monetary director [Jim Boyd](https://forest500.org/rankings/companies/mission-newenergy-limited) are to remain with the business.<br>
+<br>Souter Investments, the [personal investment](https://pitchbook.com/profiles/company/51278-86) firm of transport tycoon Sir Brian Souter, [verified](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire [underlined Argent's](https://stocktwits.com/symbol/MNEL) strong market position, including there was now an [opportunity](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) "to take Argent's skills additional afield".<br>
+<br> Swire, of John Swire, stated his [business](https://www.bloomberg.com/profile/company/MNELF:US) was [committed](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 feasible green industries".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a company which we believe can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in Argent Energy's [employees](https://www.google.com/search?kgmid=/m/0cqd_rb) a mix of characteristics and values that are compatible with our own, and eagerly anticipate dealing with them to [maximise Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy's future [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 approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.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>