Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial [production](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) of biodiesel in the UK, has been [purchased](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by a  firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.bloomberg.com/profile/company/MNELF:US) and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, [handling director](https://www.crunchbase.com/organization/mission-newenergy) Jim Walker and financial director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the personal investment firm of [transportation tycoon](https://www.google.com/search?kgmid=/m/0cqd_rb) Sir Brian Souter, [confirmed](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually [offered](https://www.zoominfo.com/c/mission-newenergy/346542889) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [underlined Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, stated his company was [committed](https://www.zoominfo.com/c/mission-newenergy/346542889) to "checking out and buying ingenious and viable green markets".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a company which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) [employees](https://www.crunchbase.com/organization/mission-newenergy) a mix of attributes and worths that work with our own, and eagerly anticipate dealing with them to increase Argent [Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) future potential."<br>
+<br>Argent was established 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 as much as 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>