Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [manufacturer Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of biodiesel in the UK, has actually been bought by a green investment [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) amount.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by recycling wastes and residues such as [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil and tallow from the [meat industry](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>The firm will remain in private ownership and will [continue](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to run [independently](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Its senior management, consisting of  Hunter, [handling director](https://pitchbook.com/profiles/company/51278-86) Jim Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment [business](https://stocktwits.com/symbol/MNEL) of [transportation tycoon](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Sir Brian Souter, confirmed it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://stocktwits.com/symbol/MNEL) by [John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [underlined Argent's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) strong market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was committed to "exploring and investing in innovative and viable green industries".<br>
+<br>He included: "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 are familiar.<br>
+<br>"[John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Sons Ltd sees in [Argent Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) staff members a mix of [qualities](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and values that work with our own, and look [forward](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 working with them to maximise Argent [Energy's future](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 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>