Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) manufacturer [Argent Energy](https://www.bloomberg.com/profile/company/MNELF:US) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of massive business production of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has been purchased by a green financial investment [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a [concealed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in [private ownership](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary](https://www.bloomberg.com/profile/company/MNELF:US) director [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to remain with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the private investment firm of [transport magnate](https://www.crunchbase.com/organization/mission-newenergy) [Sir Brian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Souter,  it had [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by John Swire underlined [Argent's strong](https://www.google.com/search?kgmid=/m/0cqd_rb) market position, including there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, said his company was committed to "checking out and buying ingenious and feasible green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) employees a mix of attributes and values that are suitable with our own, and look [forward](https://forest500.org/rankings/companies/mission-newenergy-limited) to dealing with them to increase Argent Energy's [future capacity](https://stocktwits.com/symbol/MNEL)."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity 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>