Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been  by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](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) to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [residues](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as used [cooking oil](https://stocktwits.com/symbol/MNEL) and tallow from the meat industry.<br>
+<br>The [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) will remain in [private ownership](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to remain with the business.<br>
+<br>Souter Investments, the private investment firm of [transportation tycoon](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) potential'<br>
+<br>Mr Walker stated the investment by John Swire [highlighted](https://forest500.org/rankings/companies/mission-newenergy-limited) [Argent's strong](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, said his company was devoted to "exploring and buying innovative and feasible green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://pitchbook.com/profiles/company/51278-86) a mix of [characteristics](https://stocktwits.com/symbol/MNEL) and values that are suitable with our own, and anticipate dealing with them to [increase](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) future capacity."<br>
+<br>Argent was established 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 approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>