Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has actually been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by [recycling wastes](https://www.bloomberg.com/profile/company/MNELF:US) and residues such as used [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and tallow from the [meat industry](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) will stay in private ownership and will continue to run [separately](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Walker and monetary director Jim Boyd are to stay with the [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [private investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) company of [transport tycoon](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Sir Brian](https://www.bloomberg.com/profile/company/MNELF:US) Souter, [confirmed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire  [strong market](https://stocktwits.com/symbol/MNEL) position, adding there was now an [opportunity](https://stocktwits.com/symbol/MNEL) "to take Argent's abilities 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 business was devoted to "exploring and investing in ingenious and feasible green markets".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a business which our company believe can grow and flourish not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) staff members a mix of attributes and worths that are compatible with our own, and eagerly anticipate working with them to [maximise Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy's [future potential](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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>