Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been bought by a green financial [investment business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<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 road fuel by [recycling wastes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and residues such as used [cooking oil](https://pitchbook.com/profiles/company/51278-86) and tallow from the meat industry.<br>
+<br>The [company](https://www.bloomberg.com/profile/company/MNELF:US) will stay in personal ownership and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [separately](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, [including chairman](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Andy Hunter, managing director Jim Walker and [financial director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Boyd are to remain with the [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>Souter Investments, the private financial investment business of transportation tycoon Sir Brian Souter, confirmed it had actually [offered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
+<br>Mr Walker said the investment by John Swire highlighted  market position, including there was now an [opportunity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was committed to "exploring and investing in ingenious and feasible green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which we believe can grow and succeed not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [employees](https://pitchbook.com/profiles/company/51278-86) a mix of characteristics and worths that are suitable with our own, and eagerly anticipate [dealing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with them to increase Argent [Energy's future](https://www.bloomberg.com/profile/company/MNELF:US) capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>