Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [manufacturer](https://stocktwits.com/symbol/MNEL) [Argent Energy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been purchased by a green investment [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).<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for a [concealed](https://pitchbook.com/profiles/company/51278-86) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.zoominfo.com/c/mission-newenergy/346542889) such as used  and tallow from the meat industry.<br>
+<br>The firm will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the company.<br>
+<br>Souter Investments, the [private investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [company](https://www.pinterest.com.au/missionnewenergy/) of [transportation magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, confirmed it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr Walker stated the investment by John Swire highlighted [Argent's strong](https://www.google.com/search?kgmid=/m/0cqd_rb) market position, including there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was devoted to "checking out and investing in innovative and feasible green markets".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which we think can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [workers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of [qualities](https://pitchbook.com/profiles/company/51278-86) and worths that work with our own, and look forward to working with them to [increase Argent](https://www.pinterest.com.au/missionnewenergy/) [Energy's future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) potential."<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 capability to produce up to 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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>