Add Pioneering Biodiesel Producer Argent Energy Sold

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

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+<br>Pioneering [biodiesel](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) manufacturer [Argent Energy](https://www.bloomberg.com/profile/company/MNELF:US) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been bought by a green financial investment [business](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).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for a [concealed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil and tallow from the [meat market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>The firm will stay in personal ownership and will continue to run individually.<br>
+<br>Its senior management,  Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the private financial investment company of [transportation tycoon](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had [offered](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) its 37% stake in Argent.<br>
+<br>['Future](https://pitchbook.com/profiles/company/51278-86) capacity'<br>
+<br>Mr [Walker stated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the investment by John Swire underlined Argent's strong market position, adding there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his business was dedicated to "exploring and purchasing innovative and feasible green markets".<br>
+<br>He added: "We are pleased to be acquiring Argent Energy, a company which we think can grow and prosper not just within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) & Sons Ltd sees in Argent Energy's [workers](https://www.pinterest.com.au/missionnewenergy/) a mix of [qualities](https://pitchbook.com/profiles/company/51278-86) and worths that work with our own, and anticipate dealing with them to [increase Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy's future potential."<br>
+<br>Argent was established 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](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>