Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [manufacturer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive industrial](https://www.google.com/search?kgmid=/m/0cqd_rb) [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has actually been purchased by a green financial investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire & Sons for a [concealed](https://pitchbook.com/profiles/company/51278-86) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](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>The firm will remain in [private ownership](https://www.crunchbase.com/organization/mission-newenergy) and will continue to run [separately](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Its senior management, including chairman Andy Hunter, [handling director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and financial director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm of [transport magnate](https://forest500.org/rankings/companies/mission-newenergy-limited) Sir Brian Souter, [confirmed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had actually offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](https://www.crunchbase.com/organization/mission-newenergy) the [financial investment](https://www.bloomberg.com/profile/company/MNELF:US) by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, stated his business was [devoted](https://stocktwits.com/symbol/MNEL) to "checking out and buying ingenious and viable green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of attributes and values that work with our own, and anticipate working with them to maximise Argent  future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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>