Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [manufacturer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has been purchased by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by [recycling wastes](https://www.bloomberg.com/profile/company/MNELF:US) and residues such as [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil and tallow from the [meat industry](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>The firm will remain in private ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.bloomberg.com/profile/company/MNELF:US) Hunter, managing director [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and monetary director [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to remain with the business.<br>
+<br>Souter Investments, the private financial investment business of transport [magnate Sir](https://www.crunchbase.com/organization/mission-newenergy) Brian Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the  by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was devoted to "checking out and investing in innovative and practical green markets".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a business which our company believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in Argent Energy's [employees](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) a mix of characteristics and worths that are [suitable](https://www.pinterest.com.au/missionnewenergy/) with our own, and [eagerly anticipate](https://www.pinterest.com.au/missionnewenergy/) dealing with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>