Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [massive commercial](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [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) in the UK, has actually been bought by a [green financial](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) [investment company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Jim Boyd](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) are to remain with the business.<br>
+<br>Souter Investments, the  firm of transportation magnate Sir Brian Souter, [validated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had offered its 37% stake in Argent.<br>
+<br>'Future 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](https://www.crunchbase.com/organization/mission-newenergy) [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now an [opportunity](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, stated his [company](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) was [committed](https://forest500.org/rankings/companies/mission-newenergy-limited) to "checking out and buying ingenious and feasible green markets".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which we believe can grow and succeed not only within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of qualities and worths that are suitable with our own, and look forward to working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of 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://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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>