Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been purchased by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) company.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) to a [subsidiary](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) of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat market](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) will stay in private ownership and will continue to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.pinterest.com.au/missionnewenergy/) Jim Walker and monetary [director Jim](https://www.pinterest.com.au/missionnewenergy/) Boyd are to remain 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.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) firm of [transportation magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by John Swire underlined  strong market position, including there was now an [opportunity](https://forest500.org/rankings/companies/mission-newenergy-limited) "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire, of John Swire, stated his company was devoted to "exploring and buying ingenious and viable green industries".<br>
+<br>He added: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of qualities and worths that are compatible with our own, and anticipate working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought 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 as much as 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>