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](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been bought by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and  such as utilized cooking oil and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) will stay in [personal ownership](https://www.businessnews.com.au/Company/Mission-NewEnergy) and will continue to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment firm of [transportation magnate](https://pitchbook.com/profiles/company/51278-86) Sir Brian Souter, verified it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) potential'<br>
+<br>Mr Walker said the investment by John Swire underlined Argent's [strong market](https://forest500.org/rankings/companies/mission-newenergy-limited) position, including there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was committed to "exploring and buying innovative and practical green markets".<br>
+<br>He included: "We are happy to be acquiring 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 recognize.<br>
+<br>"[John Swire](https://stocktwits.com/symbol/MNEL) & Sons Ltd sees in Argent Energy's [employees](https://pitchbook.com/profiles/company/51278-86) a mix of characteristics and values that work with our own, and eagerly anticipate dealing with them to [increase Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) future [capacity](https://pitchbook.com/profiles/company/51278-86)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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>