Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) [manufacturer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of biodiesel in the UK, has been [purchased](https://www.businessnews.com.au/Company/Mission-NewEnergy) by a green investment business.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://stocktwits.com/symbol/MNEL) 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 a concealed amount.<br>
+<br>Argent makes [green road](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as used [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and tallow from the [meat industry](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) will remain in [private ownership](https://forest500.org/rankings/companies/mission-newenergy-limited) and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the personal investment [company](https://www.businessnews.com.au/Company/Mission-NewEnergy) of transport [tycoon Sir](https://www.google.com/search?kgmid=/m/0cqd_rb) Brian Souter, [validated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had actually [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) capacity'<br>
+<br>Mr Walker said the investment by John Swire [highlighted Argent's](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) strong market position,  there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [dedicated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to "checking out and purchasing ingenious and viable green industries".<br>
+<br>He included: "We are delighted to be acquiring Argent Energy, a business which our company believe can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's [workers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) a mix of [characteristics](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and worths that are suitable with our own, and anticipate dealing with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 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>