Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [manufacturer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)  offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has been purchased by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director](https://www.crunchbase.com/organization/mission-newenergy) [Jim Walker](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and monetary director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the personal financial investment company of [transport tycoon](https://www.crunchbase.com/organization/mission-newenergy) [Sir Brian](https://www.crunchbase.com/organization/mission-newenergy) Souter, [verified](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [investment](https://www.zoominfo.com/c/mission-newenergy/346542889) by [John Swire](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [underlined](https://stocktwits.com/symbol/MNEL) [Argent's strong](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, said his company was [committed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "exploring and purchasing innovative and feasible green industries".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a business which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](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) & Sons Ltd sees in Argent Energy's [employees](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a mix of qualities and worths that are [suitable](https://www.crunchbase.com/organization/mission-newenergy) with our own, and look [forward](https://forest500.org/rankings/companies/mission-newenergy-limited) to [dealing](https://www.pinterest.com.au/missionnewenergy/) with them to increase Argent Energy's future capacity."<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 capability 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>