Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](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) of massive commercial production of biodiesel in the UK, has actually been purchased by a green financial investment [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will [continue](https://pitchbook.com/profiles/company/51278-86) to run [independently](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Andy Hunter, handling director [Jim Walker](https://stocktwits.com/symbol/MNEL) and [monetary director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Boyd are to remain with the [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Souter Investments, the [private investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) firm of [transportation tycoon](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [validated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity'<br>
+<br>Mr  the financial investment by John Swire [highlighted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Argent's strong](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) market position, [including](https://pitchbook.com/profiles/company/51278-86) there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his business was dedicated to "exploring and buying ingenious and practical green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which we think can grow and succeed not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and eagerly anticipate dealing with them to increase Argent [Energy's](https://pitchbook.com/profiles/company/51278-86) future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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>