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 Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of  in the UK, has actually been bought by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green road](https://stocktwits.com/symbol/MNEL) fuel by recycling wastes and residues such as [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil and tallow from the meat market.<br>
+<br>The firm will remain in [private ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will [continue](https://www.businessnews.com.au/Company/Mission-NewEnergy) to run individually.<br>
+<br>Its senior management, [including chairman](https://pitchbook.com/profiles/company/51278-86) Andy Hunter, [handling director](https://pitchbook.com/profiles/company/51278-86) [Jim Walker](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [monetary director](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Jim Boyd are to remain with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the personal investment firm of [transport magnate](https://pitchbook.com/profiles/company/51278-86) Sir Brian Souter, validated it had actually offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://forest500.org/rankings/companies/mission-newenergy-limited) by [John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) highlighted Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was dedicated to "checking out and purchasing ingenious and practical green industries".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which we think can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Sons Ltd sees in Argent Energy's [workers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) a mix of [qualities](https://stocktwits.com/symbol/MNEL) and values that are suitable with our own, and [anticipate dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to maximise [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) future capacity."<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 as much as 50 million litres of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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>