Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)  Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been bought by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel by recycling wastes and residues such as used [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and tallow from the meat market.<br>
+<br>The [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) will remain in personal [ownership](https://www.pinterest.com.au/missionnewenergy/) and will continue to run [independently](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Its senior management, [including chairman](https://www.pinterest.com.au/missionnewenergy/) Andy Hunter, [handling director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Jim Walker](https://www.businessnews.com.au/Company/Mission-NewEnergy) and financial [director Jim](https://pitchbook.com/profiles/company/51278-86) Boyd are to stay with the [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the personal investment business of transportation magnate Sir Brian Souter, [validated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had actually [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 position, including there was now a chance "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was committed to "exploring and investing in ingenious and viable green markets".<br>
+<br>He included: "We are delighted to be acquiring Argent Energy, a business which we believe can grow and succeed not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) & Sons Ltd sees in Argent Energy's [workers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) a mix of [attributes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and worths that are [suitable](https://pitchbook.com/profiles/company/51278-86) with our own, and [anticipate](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity 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>