Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [manufacturer Argent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business [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](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has actually been purchased by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for a [concealed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 firm will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the private investment company of [transportation tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Sir Brian Souter, [verified](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had actually [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position,  there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) was [devoted](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to "exploring and buying ingenious and viable green industries".<br>
+<br>He included: "We are happy to be getting Argent Energy, a business which we believe can grow and flourish not just within the UK however also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) & Sons Ltd sees in Argent Energy's [workers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of [qualities](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) and values that work with our own, and eagerly anticipate dealing with them to increase Argent [Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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>