Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [manufacturer Argent](https://pitchbook.com/profiles/company/51278-86) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has actually been purchased by a  firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [residues](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) such as [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil and tallow from the meat market.<br>
+<br>The [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) will stay in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [consisting](https://www.crunchbase.com/organization/mission-newenergy) of chairman Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the private financial investment business of [transportation tycoon](https://www.google.com/search?kgmid=/m/0cqd_rb) [Sir Brian](https://www.businessnews.com.au/Company/Mission-NewEnergy) Souter, confirmed 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](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Argent's [strong market](https://stocktwits.com/symbol/MNEL) position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, stated his business was devoted to "checking out and buying ingenious and feasible green industries".<br>
+<br>He added: "We are happy to be getting Argent Energy, a company which we think can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) a mix of [attributes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and values that work with our own, and look forward to dealing with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 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>