Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [manufacturer Argent](https://pitchbook.com/profiles/company/51278-86) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial [production](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been purchased by a [green investment](https://www.zoominfo.com/c/mission-newenergy/346542889) business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sum.<br>
+<br>Argent makes green road fuel by  and residues such as [utilized cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Boyd are to remain with the business.<br>
+<br>Souter Investments, the private investment company of [transport tycoon](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, [confirmed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) capacity'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) highlighted Argent's strong market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his [business](https://stocktwits.com/symbol/MNEL) was [devoted](https://pitchbook.com/profiles/company/51278-86) to "exploring and buying innovative and feasible green industries".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in particular 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 look [forward](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to dealing with them to [increase Argent](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Energy's future potential."<br>
+<br>Argent was developed 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](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>