Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [manufacturer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been bought by a green investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an [undisclosed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) amount.<br>
+<br>Argent makes [green road](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as used  and tallow from the meat industry.<br>
+<br>The [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) will stay in [private ownership](https://www.pinterest.com.au/missionnewenergy/) and will continue to run [separately](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Walker and [financial director](https://www.zoominfo.com/c/mission-newenergy/346542889) [Jim Boyd](https://pitchbook.com/profiles/company/51278-86) are to stay with the [business](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).<br>
+<br>Souter Investments, the personal financial investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of transportation tycoon Sir Brian Souter, verified it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) [underlined Argent's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [strong market](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire, of John Swire, said his company was devoted to "checking out and investing in innovative and viable green industries".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that work with our own, and eagerly anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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>