Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) [manufacturer Argent](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a green investment [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Argent, based near Motherwell, was [offered](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) to a subsidiary of [London-based John](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by  and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the meat industry.<br>
+<br>The [company](https://www.pinterest.com.au/missionnewenergy/) will stay in [personal ownership](https://www.crunchbase.com/organization/mission-newenergy) and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, [handling director](https://pitchbook.com/profiles/company/51278-86) Jim Walker and monetary director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment firm of [transport magnate](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Sir Brian](https://www.crunchbase.com/organization/mission-newenergy) Souter, validated it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by John Swire [highlighted](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Argent's strong market position, [including](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, said his business was [devoted](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) to "checking out and purchasing innovative and practical green industries".<br>
+<br>He added: "We are thrilled to be acquiring Argent Energy, a company which we believe can grow and succeed not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) & Sons Ltd sees in Argent Energy's staff members a mix of qualities and values that are compatible with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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>