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.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.zoominfo.com/c/mission-newenergy/346542889) of [large-scale business](https://www.pinterest.com.au/missionnewenergy/) production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has actually been purchased by a green investment [company](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.bloomberg.com/profile/company/MNELF:US) sum.<br>
+<br>Argent makes [green roadway](https://www.bloomberg.com/profile/company/MNELF:US) fuel by recycling wastes and residues such as  oil and tallow from the meat market.<br>
+<br>The firm will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, handling director [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and [monetary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Boyd are to stay with the [business](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the [private investment](https://stocktwits.com/symbol/MNEL) firm of [transportation magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, [confirmed](https://forest500.org/rankings/companies/mission-newenergy-limited) it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.pinterest.com.au/missionnewenergy/) potential'<br>
+<br>Mr Walker stated the investment by John Swire [highlighted](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Argent's strong market position, [including](https://stocktwits.com/symbol/MNEL) there was now an opportunity "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was committed to "exploring and investing in innovative and viable green markets".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a company which we believe can grow and prosper not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) staff members a mix of attributes and values that are suitable with our own, and eagerly anticipate working with them to maximise 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 together with 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>