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.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)  Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been purchased by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by recycling wastes and residues such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the meat industry.<br>
+<br>The company will remain in [personal ownership](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run [separately](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to remain with the [company](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Souter Investments, the private investment firm of [transport tycoon](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, [confirmed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it had actually [offered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) potential'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's skills additional 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, stated his company was devoted to "checking out and investing in innovative and feasible green industries".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in Argent Energy's workers a mix of [attributes](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and worths that work with our own, and anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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>