Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [producer Argent](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale industrial](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [production](https://www.crunchbase.com/organization/mission-newenergy) of  in the UK, has actually been bought by a [green investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The [company](https://forest500.org/rankings/companies/mission-newenergy-limited) will remain in private ownership and will [continue](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to run [individually](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Hunter, [managing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) director Jim Walker and monetary director Jim Boyd are to stay with the [business](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Souter Investments, the private investment firm of transport magnate [Sir Brian](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Souter, [validated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) potential'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's strong market position, [including](https://pitchbook.com/profiles/company/51278-86) there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, stated his company was dedicated to "exploring and investing in innovative and viable green markets".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which we think can grow and prosper not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) workers a mix of characteristics and worths that work with our own, and eagerly anticipate [dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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>