Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [manufacturer Argent](https://stocktwits.com/symbol/MNEL) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.google.com/search?kgmid=/m/0cqd_rb) of large-scale industrial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has been purchased by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, [handling director](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Jim Walker and financial director Jim Boyd are to stay with the [business](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 [private investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm of [transport magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Sir Brian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Souter, [validated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) capacity'<br>
+<br>Mr [Walker stated](https://forest500.org/rankings/companies/mission-newenergy-limited) the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, said his [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was committed to "exploring and investing in innovative and viable green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a business which our company believe can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and values that are compatible with our own, and look forward to  with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought 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://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>