Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [producer](https://www.pinterest.com.au/missionnewenergy/) [Argent Energy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive commercial](https://forest500.org/rankings/companies/mission-newenergy-limited) production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has actually been purchased by a [green financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) investment business.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://forest500.org/rankings/companies/mission-newenergy-limited) of [London-based John](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.businessnews.com.au/Company/Mission-NewEnergy) such as [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil and tallow from the meat market.<br>
+<br>The firm will remain in [personal ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will [continue](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to run [separately](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing](https://pitchbook.com/profiles/company/51278-86)  Walker and monetary director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private financial investment company of transport [magnate Sir](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Brian Souter, [verified](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity'<br>
+<br>Mr Walker said the financial investment by John [Swire underlined](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Argent's strong](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market position, adding there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was dedicated to "exploring and buying innovative and feasible green industries".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which we think can grow and flourish not only within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and worths that are [suitable](https://www.pinterest.com.au/missionnewenergy/) with our own, and look forward to working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>