Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive commercial](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of  in the UK, has been bought by a green investment [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and residues such as utilized cooking oil and tallow from the [meat market](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>The firm will remain in [personal ownership](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Andy Hunter, handling director Jim Walker and financial director [Jim Boyd](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) are to remain with the [company](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the private investment company of [transport magnate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Sir Brian](https://www.bloomberg.com/profile/company/MNELF:US) Souter, confirmed it had [offered](https://www.pinterest.com.au/missionnewenergy/) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the financial investment by John Swire [underlined Argent's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) strong market position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was devoted to "checking out and buying innovative and viable green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a business which we think can grow and prosper not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) workers a mix of attributes and worths that work with our own, and look [forward](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to working with them to increase Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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>