Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](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) [manufacturer Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.google.com/search?kgmid=/m/0cqd_rb) [production](https://www.crunchbase.com/organization/mission-newenergy) 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of  Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green roadway](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as used [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and tallow from the [meat industry](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.google.com/search?kgmid=/m/0cqd_rb) Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of transport tycoon [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, confirmed it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [financial](https://pitchbook.com/profiles/company/51278-86) investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, stated his business was committed to "exploring and investing in innovative and practical green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and succeed not just within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of characteristics and values that are compatible with our own, and [anticipate dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to [increase](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Argent Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>