Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) producer [Argent Energy](https://stocktwits.com/symbol/MNEL) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for a [concealed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sum.<br>
+<br>Argent makes [green road](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run independently.<br>
+<br>Its senior management, consisting of [chairman Andy](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) Hunter, [managing](https://www.businessnews.com.au/Company/Mission-NewEnergy) [director Jim](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Walker and [monetary director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) are to stay with the company.<br>
+<br>Souter Investments, the  [business](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) of [transportation magnate](https://www.zoominfo.com/c/mission-newenergy/346542889) Sir Brian Souter, [verified](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by John Swire underlined [Argent'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) [strong market](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://stocktwits.com/symbol/MNEL) Swire, of John Swire, stated his company was [devoted](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "exploring and buying innovative and practical green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of characteristics and values that work with our own, and anticipate dealing with them to [increase Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of biodiesel 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>