Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive commercial](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has actually been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a [concealed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sum.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Andy Hunter, managing director [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) director [Jim Boyd](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) are to remain with the [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [personal investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm of [transportation magnate](https://pitchbook.com/profiles/company/51278-86) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, [verified](https://pitchbook.com/profiles/company/51278-86) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his company was dedicated to "exploring and investing in innovative and viable green industries".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) employees a mix of [qualities](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and worths that are compatible with our own, and [anticipate dealing](https://forest500.org/rankings/companies/mission-newenergy-limited) with them to maximise Argent  potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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>