Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive commercial](https://www.pinterest.com.au/missionnewenergy/) 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm.<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://www.zoominfo.com/c/mission-newenergy/346542889) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://pitchbook.com/profiles/company/51278-86) fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat industry](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>The firm will stay in private ownership and will [continue](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing [director Jim](https://www.pinterest.com.au/missionnewenergy/) Walker and  [Jim Boyd](https://www.google.com/search?kgmid=/m/0cqd_rb) are to stay with the [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Souter Investments, the [personal investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm of [transportation tycoon](https://www.bloomberg.com/profile/company/MNELF:US) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [validated](https://pitchbook.com/profiles/company/51278-86) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://stocktwits.com/symbol/MNEL) potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his company was committed to "exploring and purchasing ingenious and feasible green industries".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and prosper not only within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and eagerly anticipate dealing with them to [increase Argent](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) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>