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://stocktwits.com/symbol/MNEL) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of  in the UK, has been bought by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for an [undisclosed](https://www.businessnews.com.au/Company/Mission-NewEnergy) sum.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes and [residues](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) such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the [meat market](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>The firm will remain in private ownership and will [continue](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Walker and monetary director [Jim Boyd](https://www.zoominfo.com/c/mission-newenergy/346542889) are to remain with the business.<br>
+<br>Souter Investments, the private investment company of transport tycoon [Sir Brian](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Souter, [validated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://forest500.org/rankings/companies/mission-newenergy-limited) potential'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, [including](https://pitchbook.com/profiles/company/51278-86) there was now an opportunity "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was [devoted](https://www.pinterest.com.au/missionnewenergy/) to "checking out and purchasing innovative and practical green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and succeed not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](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) & Sons Ltd sees in Argent Energy's [workers](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and values that work with our own, and anticipate working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management together with 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.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>