Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive industrial](https://www.google.com/search?kgmid=/m/0cqd_rb) production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been bought by a green financial investment business.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.zoominfo.com/c/mission-newenergy/346542889) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and  such as utilized [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).<br>
+<br>The firm will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Boyd are to stay with the [business](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>Souter Investments, the [private investment](https://www.zoominfo.com/c/mission-newenergy/346542889) firm of [transport magnate](https://stocktwits.com/symbol/MNEL) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, verified it had [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://www.pinterest.com.au/missionnewenergy/) [underlined Argent's](https://www.crunchbase.com/organization/mission-newenergy) strong market position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, stated his business was committed to "checking out and purchasing innovative and practical green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) staff members a mix of [qualities](https://stocktwits.com/symbol/MNEL) and worths that work with our own, and [eagerly anticipate](https://www.pinterest.com.au/missionnewenergy/) dealing with them to [maximise Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) 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>