Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) manufacturer [Argent Energy](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) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to a subsidiary 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 a [concealed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as used [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) and tallow from the meat industry.<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) will stay in personal ownership and will  to run separately.<br>
+<br>Its senior management, [consisting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of chairman Andy Hunter, handling [director Jim](https://pitchbook.com/profiles/company/51278-86) Walker and monetary director [Jim Boyd](https://forest500.org/rankings/companies/mission-newenergy-limited) are to stay with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of transport tycoon Sir Brian Souter, [confirmed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) it had actually offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) highlighted [Argent's strong](https://www.bloomberg.com/profile/company/MNELF:US) market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, said his business was committed to "checking out and investing in innovative and feasible green industries".<br>
+<br>He added: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not just within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.crunchbase.com/organization/mission-newenergy) a mix of qualities and worths that are suitable with our own, and eagerly anticipate working with them to maximise Argent [Energy's](https://www.pinterest.com.au/missionnewenergy/) future [capacity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)."<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 capability to produce as much as 50 million litres of biodiesel 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>