Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has actually been purchased by a green financial [investment business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The [company](https://stocktwits.com/symbol/MNEL) will stay in [private ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will continue to run [separately](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [director Jim](https://stocktwits.com/symbol/MNEL) Walker and [monetary director](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) Jim Boyd are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the personal financial investment company of transportation [magnate Sir](https://pitchbook.com/profiles/company/51278-86) Brian Souter, [verified](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://forest500.org/rankings/companies/mission-newenergy-limited) by [John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) highlighted [Argent's strong](https://pitchbook.com/profiles/company/51278-86) market position,  there was now an opportunity "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 [company](https://stocktwits.com/symbol/MNEL) was committed to "checking out and buying innovative and feasible green markets".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a company which we think can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that are suitable with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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>