Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [producer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial [production](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has been bought by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.crunchbase.com/organization/mission-newenergy) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>The company will remain in private ownership and will [continue](https://forest500.org/rankings/companies/mission-newenergy-limited) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, [consisting](https://forest500.org/rankings/companies/mission-newenergy-limited) of chairman Andy Hunter, handling [director Jim](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Walker and monetary director [Jim Boyd](https://forest500.org/rankings/companies/mission-newenergy-limited) are to remain with the [company](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Souter Investments, the  firm of [transportation magnate](https://www.pinterest.com.au/missionnewenergy/) Sir Brian Souter, [verified](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's [strong market](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) position, adding there was now an [opportunity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was dedicated to "checking out and buying innovative and viable green industries".<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 also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of attributes and worths that work with our own, and [anticipate](https://www.google.com/search?kgmid=/m/0cqd_rb) working with them to increase Argent [Energy's future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [capacity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) 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>