Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has actually been bought by a green investment [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [London-based John](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 & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) such as [utilized cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil and tallow from the meat market.<br>
+<br>The firm will stay in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.crunchbase.com/organization/mission-newenergy) Hunter, handling director Jim Walker and [monetary director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal investment firm of transportation tycoon Sir Brian Souter, [confirmed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr Walker said the [investment](https://stocktwits.com/symbol/MNEL) by John Swire underlined [Argent's strong](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire, of John Swire, said his [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) was [devoted](https://www.zoominfo.com/c/mission-newenergy/346542889) to "checking out and investing in innovative and practical green industries".<br>
+<br>He included: "We are happy to be acquiring Argent Energy, a business which we think can grow and succeed not just within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>" & Sons Ltd sees in [Argent Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) workers a mix of characteristics and values that are suitable with our own, and look forward to working with them to [increase Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy's future potential."<br>
+<br>Argent was established 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 capability to produce approximately 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>