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](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by a [green investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) .<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of [London-based John](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>The firm will stay in [private ownership](https://stocktwits.com/symbol/MNEL) and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Andy Hunter, managing director [Jim Walker](https://www.google.com/search?kgmid=/m/0cqd_rb) and monetary [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Boyd are to remain with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, [confirmed](https://www.crunchbase.com/organization/mission-newenergy) it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) underlined Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was dedicated to "exploring and purchasing ingenious and viable green markets".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) & Sons Ltd sees in Argent Energy's [workers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) a mix of qualities and worths that are suitable with our own, and [anticipate dealing](https://www.pinterest.com.au/missionnewenergy/) with them to [increase Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included 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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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>