Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial [production](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been bought by a [green investment](https://pitchbook.com/profiles/company/51278-86) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an  sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [residues](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) such as used [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) and tallow from the [meat industry](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](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) Andy Hunter, [handling director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Walker and [financial director](https://www.crunchbase.com/organization/mission-newenergy) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the private investment business of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, [validated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by John Swire [underlined](https://forest500.org/rankings/companies/mission-newenergy-limited) [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position, adding there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, stated his company was dedicated to "checking out and purchasing ingenious and feasible green markets".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.businessnews.com.au/Company/Mission-NewEnergy) a mix of [characteristics](https://www.pinterest.com.au/missionnewenergy/) and worths that are suitable with our own, and look forward to working with them to [increase Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy's 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.zoominfo.com/c/mission-newenergy/346542889) 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>