Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [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) [manufacturer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of  in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil and tallow from the meat industry.<br>
+<br>The [company](https://www.zoominfo.com/c/mission-newenergy/346542889) will remain in personal ownership and will [continue](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://pitchbook.com/profiles/company/51278-86) Hunter, [managing director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Jim Walker and monetary [director Jim](https://stocktwits.com/symbol/MNEL) Boyd are to stay with the company.<br>
+<br>Souter Investments, the private investment firm of [transportation magnate](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Sir Brian Souter, verified it had actually [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) its 37% stake in Argent.<br>
+<br>['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>Mr Walker said the [investment](https://pitchbook.com/profiles/company/51278-86) by [John Swire](https://www.pinterest.com.au/missionnewenergy/) [highlighted Argent's](https://forest500.org/rankings/companies/mission-newenergy-limited) [strong market](https://www.google.com/search?kgmid=/m/0cqd_rb) position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was dedicated to "exploring and purchasing innovative and feasible green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and succeed not just within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in [Argent Energy's](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) staff members a mix of qualities and worths that work with our own, and [anticipate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) working with them to increase Argent Energy's [future capacity](https://forest500.org/rankings/companies/mission-newenergy-limited)."<br>
+<br>Argent was established 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 capability to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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>