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://pitchbook.com/profiles/company/51278-86) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been purchased by a green investment company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [residues](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil and tallow from the meat industry.<br>
+<br>The company will remain in [private ownership](https://www.google.com/search?kgmid=/m/0cqd_rb) and will continue to run [individually](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Its senior management, consisting of [chairman Andy](https://stocktwits.com/symbol/MNEL) Hunter, [handling](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) director Jim Walker and financial director [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) are to remain with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [financial investment](https://www.google.com/search?kgmid=/m/0cqd_rb) by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) highlighted Argent's strong market position,  there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was dedicated to "checking out and purchasing innovative and feasible green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) employees a mix of [attributes](https://forest500.org/rankings/companies/mission-newenergy-limited) and worths that work with our own, and [eagerly anticipate](https://www.pinterest.com.au/missionnewenergy/) dealing with them to increase Argent [Energy's future](https://www.zoominfo.com/c/mission-newenergy/346542889) [potential](https://pitchbook.com/profiles/company/51278-86)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>