Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering biodiesel producer [Argent Energy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a [green investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a [concealed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and [residues](https://www.businessnews.com.au/Company/Mission-NewEnergy) such as [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil and tallow from the .<br>
+<br>The firm will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, [handling director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Jim Walker and [financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [director Jim](https://stocktwits.com/symbol/MNEL) Boyd are to stay with the [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the [personal investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) firm of transportation magnate Sir Brian Souter, verified 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 highlighted [Argent's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [strong market](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) position, [including](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.google.com/search?kgmid=/m/0cqd_rb) was dedicated to "checking out and purchasing innovative and viable green markets".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a company which we think can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of qualities and worths that work with our own, and anticipate dealing with them to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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>