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) [manufacturer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Argent Energy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](https://www.google.com/search?kgmid=/m/0cqd_rb) production of  in the UK, has actually been bought by a green financial [investment business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) amount.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the meat market.<br>
+<br>The firm will stay in personal ownership and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing](https://www.crunchbase.com/organization/mission-newenergy) director [Jim Walker](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and [monetary director](https://www.pinterest.com.au/missionnewenergy/) [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to remain with the [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Souter Investments, the private investment business of [transport magnate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [verified](https://www.google.com/search?kgmid=/m/0cqd_rb) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](https://forest500.org/rankings/companies/mission-newenergy-limited) the financial investment by John Swire highlighted Argent's [strong market](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 [committed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "exploring and purchasing innovative and viable green industries".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which our company believe can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and worths that are suitable with our own, and eagerly anticipate dealing with them to maximise Argent Energy's [future potential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>