Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of massive industrial production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](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) to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.zoominfo.com/c/mission-newenergy/346542889) such as used cooking oil and tallow from the meat industry.<br>
+<br>The  will remain in private ownership and will [continue](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director [Jim Walker](https://www.crunchbase.com/organization/mission-newenergy) and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of transportation magnate Sir Brian Souter, [verified](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, said his business was [devoted](https://pitchbook.com/profiles/company/51278-86) to "exploring and buying innovative and feasible green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and prosper not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) & Sons Ltd sees in [Argent Energy's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [employees](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) a mix of [attributes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and values that are [suitable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) with our own, and look forward to dealing with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that 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 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>