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 Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive commercial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has actually been purchased by a green investment [business](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of  Swire & Sons for a [concealed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the meat market.<br>
+<br>The firm will remain in [private ownership](https://forest500.org/rankings/companies/mission-newenergy-limited) and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [transportation tycoon](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Sir Brian](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Souter, [confirmed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had [offered](https://www.bloomberg.com/profile/company/MNELF:US) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) investment by John Swire underlined [Argent's strong](https://www.crunchbase.com/organization/mission-newenergy) market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was [devoted](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to "checking out and buying ingenious and practical green markets".<br>
+<br>He added: "We are happy to be getting Argent Energy, a company which our company believe can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of [qualities](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and worths that work with our own, and eagerly anticipate dealing with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>