Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) manufacturer [Argent Energy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of large-scale commercial production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been bought by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The firm will stay in personal ownership and will continue to run independently.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and monetary [director Jim](https://pitchbook.com/profiles/company/51278-86) Boyd are to remain with the .<br>
+<br>Souter Investments, the private financial investment business of [transport](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) magnate [Sir Brian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Souter, confirmed it had actually [offered](https://www.pinterest.com.au/missionnewenergy/) its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential'<br>
+<br>Mr Walker stated the [financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) investment by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) underlined Argent's strong market position, adding there was now an [opportunity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, stated his business was committed to "exploring and purchasing ingenious and viable green markets".<br>
+<br>He added: "We are delighted 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 are familiar.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) & Sons Ltd sees in Argent Energy's [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of qualities and worths that are compatible with our own, and look forward to dealing with them to maximise Argent [Energy's](https://pitchbook.com/profiles/company/51278-86) future [capacity](https://www.pinterest.com.au/missionnewenergy/)."<br>
+<br>Argent was established in 2001. In 2009 it was purchased 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://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>