Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been [purchased](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an [undisclosed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) will stay in private ownership and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Walker and [financial director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to stay with the [business](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, [validated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://forest500.org/rankings/companies/mission-newenergy-limited) capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.bloomberg.com/profile/company/MNELF:US) by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) underlined Argent's strong market position, [including](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) there was now a chance "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, said his [company](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) was committed to "checking out and investing in ingenious and feasible green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which we believe can grow and succeed not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>" & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that work with our own, and [anticipate dealing](https://stocktwits.com/symbol/MNEL) with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management in addition to 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.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>