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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive industrial](https://www.zoominfo.com/c/mission-newenergy/346542889) [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://stocktwits.com/symbol/MNEL) in the UK, has actually been bought by a green financial [investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) .<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://stocktwits.com/symbol/MNEL) and [residues](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the [meat market](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) will stay in [personal ownership](https://pitchbook.com/profiles/company/51278-86) and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to stay with the [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [private investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) business of transportation magnate Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's strong market position, including there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was devoted to "exploring and investing in ingenious and practical green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a business which we think can grow and prosper not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) & Sons Ltd sees in [Argent Energy's](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) [workers](https://stocktwits.com/symbol/MNEL) a mix of characteristics and worths that work with our own, and anticipate dealing with them to [maximise Argent](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) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](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) 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>