Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.pinterest.com.au/missionnewenergy/) of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the meat industry.<br>
+<br>The [company](https://stocktwits.com/symbol/MNEL) will remain in private ownership and will continue to run [individually](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Walker and [monetary director](https://stocktwits.com/symbol/MNEL) [Jim Boyd](https://www.crunchbase.com/organization/mission-newenergy) are to stay with the [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Souter Investments, the [personal investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Sir Brian Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by John Swire [highlighted Argent's](https://www.pinterest.com.au/missionnewenergy/) strong market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [company](https://www.google.com/search?kgmid=/m/0cqd_rb) was committed to "exploring and purchasing ingenious and practical green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) & Sons Ltd sees in [Argent Energy's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)  a mix of qualities and values that are compatible with our own, and anticipate dealing with them to [increase](https://www.google.com/search?kgmid=/m/0cqd_rb) Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which 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](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>