Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [manufacturer](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) [Argent Energy](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) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale commercial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of biodiesel in the UK, has been [purchased](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by a [green financial](https://www.bloomberg.com/profile/company/MNELF:US) investment business.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of London-based John Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) such as used [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and tallow from the [meat market](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>The firm will remain in personal ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Hunter, handling director Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Boyd are to stay with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Souter Investments, the  investment company of transport tycoon Sir Brian Souter, [validated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [financial investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [John Swire](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) [highlighted Argent's](https://forest500.org/rankings/companies/mission-newenergy-limited) strong market position, including there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "exploring and buying innovative and feasible green markets".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and prosper not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [attributes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and values that are compatible with our own, and eagerly anticipate working with them to maximise [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 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>