Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of large-scale commercial production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has actually been [purchased](https://forest500.org/rankings/companies/mission-newenergy-limited) by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://stocktwits.com/symbol/MNEL) amount.<br>
+<br>Argent makes [green roadway](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and tallow from the [meat market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>The firm will remain in private ownership and will [continue](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to run individually.<br>
+<br>Its senior management,  Andy Hunter, managing director Jim Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Jim Boyd](https://www.bloomberg.com/profile/company/MNELF:US) are to stay with the [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the personal investment company of transportation tycoon [Sir Brian](https://pitchbook.com/profiles/company/51278-86) Souter, verified it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's [strong market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, stated his business was [committed](https://www.google.com/search?kgmid=/m/0cqd_rb) to "checking out and purchasing ingenious and feasible green industries".<br>
+<br>He added: "We are happy to be acquiring Argent Energy, a company which we think can grow and prosper not just within the UK however 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](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) staff members a mix of attributes and values that are suitable with our own, and look forward to working with them to [maximise Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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>