Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.crunchbase.com/organization/mission-newenergy) of large-scale commercial [production](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been [purchased](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by a [green investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in [private ownership](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run [independently](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Hunter, managing director Jim Walker and [financial director](https://www.businessnews.com.au/Company/Mission-NewEnergy) Jim Boyd are to remain with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) company of transportation magnate [Sir Brian](https://pitchbook.com/profiles/company/51278-86) Souter,  it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's strong market position, including there was now an [opportunity](https://www.pinterest.com.au/missionnewenergy/) "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, stated his business was devoted to "exploring and buying innovative and feasible green markets".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a business which we believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) staff members a mix of [qualities](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and values that are suitable with our own, and anticipate working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management together with 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>