Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)  Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive commercial](https://www.google.com/search?kgmid=/m/0cqd_rb) [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been bought by a green investment [company](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](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) Swire & Sons for an [undisclosed](https://www.zoominfo.com/c/mission-newenergy/346542889) amount.<br>
+<br>Argent makes [green road](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel by recycling wastes and residues such as [utilized cooking](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) oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, handling director [Jim Walker](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [monetary director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, validated it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [underlined Argent's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) strong market position, [including](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was [devoted](https://forest500.org/rankings/companies/mission-newenergy-limited) to "checking out and investing in ingenious and viable green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which we believe can grow and succeed not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) & Sons Ltd sees in Argent Energy's employees a mix of qualities and values that work with our own, and eagerly anticipate dealing with them to increase Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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>