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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://forest500.org/rankings/companies/mission-newenergy-limited) of large-scale industrial [production](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a [green investment](https://stocktwits.com/symbol/MNEL) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green road](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will remain in [personal ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the private investment business of [transport magnate](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Sir Brian](https://www.google.com/search?kgmid=/m/0cqd_rb) Souter,  it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr [Walker stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the [investment](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) by John Swire highlighted Argent's strong market position, adding there was now an [opportunity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [dedicated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "exploring and purchasing ingenious and feasible green markets".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we believe can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) & Sons Ltd sees in [Argent Energy's](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) workers a mix of [qualities](https://forest500.org/rankings/companies/mission-newenergy-limited) and worths that work with our own, and [eagerly anticipate](https://www.pinterest.com.au/missionnewenergy/) working with them to increase [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>