Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [manufacturer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.businessnews.com.au/Company/Mission-NewEnergy) [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [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) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and [residues](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) such as [utilized cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will  to run [individually](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).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal financial investment business of transportation magnate Sir Brian Souter, validated it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'<br>
+<br>Mr Walker stated the [investment](https://www.bloomberg.com/profile/company/MNELF:US) by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) highlighted Argent's [strong market](https://pitchbook.com/profiles/company/51278-86) position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was committed to "checking out and buying innovative and feasible green markets".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a business which we believe can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) [workers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of [attributes](https://pitchbook.com/profiles/company/51278-86) and worths that work with our own, and [eagerly anticipate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed 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 capacity to produce as much as 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>