Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Argent Energy](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been bought by a green investment company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](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) Swire & Sons for an [undisclosed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as used [cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil and tallow from the [meat market](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>The firm will stay in [personal ownership](https://stocktwits.com/symbol/MNEL) and will continue to run [independently](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>Its senior management, including chairman Andy Hunter, [handling director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and [monetary](https://www.zoominfo.com/c/mission-newenergy/346542889) [director](https://www.pinterest.com.au/missionnewenergy/) [Jim Boyd](https://stocktwits.com/symbol/MNEL) are to stay with the company.<br>
+<br>Souter Investments, the  firm of transport magnate Sir Brian Souter, confirmed it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by [John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) [underlined Argent's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) strong market position, [including](https://www.crunchbase.com/organization/mission-newenergy) there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, stated his business was committed to "checking out and buying innovative and viable green markets".<br>
+<br>He added: "We are delighted to be acquiring Argent Energy, a company which our company believe can grow and prosper not just within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in Argent Energy's employees a mix of qualities and values that work with our own, and look forward to dealing with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established 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](https://www.pinterest.com.au/missionnewenergy/) 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>