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/) [producer](https://www.google.com/search?kgmid=/m/0cqd_rb) [Argent Energy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a green investment [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil and tallow from the meat industry.<br>
+<br>The firm will remain in [private ownership](https://www.crunchbase.com/organization/mission-newenergy) and will continue to run separately.<br>
+<br>Its senior management, [consisting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [chairman Andy](https://www.google.com/search?kgmid=/m/0cqd_rb) Hunter, [managing](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) [director Jim](https://www.zoominfo.com/c/mission-newenergy/346542889) Walker and financial director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the [personal investment](https://pitchbook.com/profiles/company/51278-86) firm of transportation tycoon [Sir Brian](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Souter, confirmed it had [offered](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by  [underlined Argent's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) strong market position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was committed to "exploring and buying ingenious and feasible green industries".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which we believe can grow and prosper not just within the UK however also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) & Sons Ltd sees in [Argent Energy's](https://pitchbook.com/profiles/company/51278-86) [workers](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) a mix of qualities and worths that are compatible with our own, and anticipate dealing with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed 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 capability to produce up to 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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>