Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>[Pioneering](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [manufacturer Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://stocktwits.com/symbol/MNEL) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has actually been purchased by a green investment business.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the .<br>
+<br>The firm will stay in [personal ownership](https://www.crunchbase.com/organization/mission-newenergy) and will [continue](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to run [separately](https://pitchbook.com/profiles/company/51278-86).<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://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the [private investment](https://stocktwits.com/symbol/MNEL) firm of [transport tycoon](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Sir Brian Souter, [verified](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.pinterest.com.au/missionnewenergy/) [highlighted Argent's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) strong market position, adding there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) was committed to "checking out and investing in ingenious and practical green markets".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a company which our company believe can grow and flourish not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of attributes and values that are compatible with our own, and [eagerly anticipate](https://stocktwits.com/symbol/MNEL) [dealing](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with them to increase Argent Energy's future [potential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of biodiesel 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>