Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.zoominfo.com/c/mission-newenergy/346542889) [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of biodiesel in the UK, has actually been [purchased](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed 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 oil and tallow from the meat market.<br>
+<br>The [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) will remain in personal ownership and will continue to run [separately](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Its senior management, [including chairman](https://www.zoominfo.com/c/mission-newenergy/346542889) Andy Hunter, handling director Jim Walker and monetary [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Boyd are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the personal investment firm of [transport tycoon](https://pitchbook.com/profiles/company/51278-86) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, [verified](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had [offered](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](https://www.bloomberg.com/profile/company/MNELF:US) the [investment](https://www.bloomberg.com/profile/company/MNELF:US) by John Swire highlighted Argent's strong market position, adding there was now an opportunity "to take Argent's abilities more afield".<br>
+<br> Swire, of John Swire, said his company was devoted to "exploring and investing in innovative and feasible green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and succeed not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in Argent Energy's employees a mix of attributes and values that work with our own, and anticipate dealing with them to increase Argent [Energy's future](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) potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which included senior management in addition to 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>