Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](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) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) producer [Argent Energy](https://stocktwits.com/symbol/MNEL) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale business](https://www.businessnews.com.au/Company/Mission-NewEnergy) [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been bought by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was  to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as used cooking oil and tallow from the meat market.<br>
+<br>The company will stay in private ownership and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run separately.<br>
+<br>Its senior management, consisting of [chairman Andy](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Hunter, managing director Jim Walker and [monetary director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Jim Boyd are to remain with the [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Souter Investments, the [personal investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm of transportation magnate Sir Brian 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.bloomberg.com/profile/company/MNELF:US) position, adding there was now a chance "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was devoted to "checking out and purchasing innovative and viable green markets".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a business which we think can grow and flourish not only within the UK but also overseas, in specific 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 employees a mix of [qualities](https://stocktwits.com/symbol/MNEL) and worths that work with our own, and eagerly anticipate working with them to [increase Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy's future [capacity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)."<br>
+<br>Argent was developed 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 capability to produce approximately 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>