Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been [purchased](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by a green investment [company](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>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for a [concealed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will [continue](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to run [independently](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Walker and [monetary director](https://www.crunchbase.com/organization/mission-newenergy) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private investment](https://www.google.com/search?kgmid=/m/0cqd_rb) firm of [transport magnate](https://pitchbook.com/profiles/company/51278-86) Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
+<br>Mr Walker stated the investment by John Swire [highlighted Argent's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) strong market position, including there was now an  "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was dedicated to "exploring and investing in innovative and viable green markets".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a business which we believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Sons Ltd sees in Argent Energy's [employees](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a mix of [qualities](https://stocktwits.com/symbol/MNEL) and values that are suitable with our own, and look forward to working with them to [maximise Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy's future capacity."<br>
+<br>Argent was developed 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 capability to produce approximately 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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>