Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [producer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been purchased by a [green investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of  Swire & Sons for a [concealed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) sum.<br>
+<br>Argent makes [green road](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) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.<br>
+<br>The company will stay in private ownership and will continue to run [individually](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://stocktwits.com/symbol/MNEL) [Jim Walker](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [monetary director](https://www.crunchbase.com/organization/mission-newenergy) [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to remain with the company.<br>
+<br>Souter Investments, the personal financial [investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) business of transport tycoon Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>[Barnaby](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) Swire, of John Swire, said his business was devoted to "exploring and buying ingenious and feasible green markets".<br>
+<br>He added: "We are happy to be getting Argent Energy, a company which we believe 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 & Sons Ltd sees in Argent Energy's employees a mix of [attributes](https://forest500.org/rankings/companies/mission-newenergy-limited) and values that work with our own, and eagerly anticipate working with them to [increase Argent](https://www.bloomberg.com/profile/company/MNELF:US) Energy's future potential."<br>
+<br>Argent was established 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 capability to produce approximately 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>