Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br> manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [large-scale commercial](https://stocktwits.com/symbol/MNEL) production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://www.crunchbase.com/organization/mission-newenergy) by a [green investment](https://stocktwits.com/symbol/MNEL) [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a [concealed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) amount.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes 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 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 stay in private ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director [Jim Boyd](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are to stay with the [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Souter Investments, the personal investment business of transportation tycoon Sir Brian Souter, confirmed it had actually [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by John Swire [highlighted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Argent's](https://stocktwits.com/symbol/MNEL) strong market position, [including](https://www.bloomberg.com/profile/company/MNELF:US) there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was dedicated to "exploring and purchasing innovative and feasible green markets".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a business which we think can grow and succeed not only within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://stocktwits.com/symbol/MNEL) and worths that are compatible with our own, and look [forward](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to dealing with them to increase Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>