Add Pioneering Biodiesel Producer Argent Energy Sold

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has been bought by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) such as used cooking oil and tallow from the meat market.<br>
+<br>The [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) will remain in private ownership and will [continue](https://stocktwits.com/symbol/MNEL) to run [independently](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Hunter, [managing director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and financial director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment firm of [transport tycoon](https://www.crunchbase.com/organization/mission-newenergy) Sir Brian Souter, verified it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) capacity'<br>
+<br>Mr Walker said the [financial investment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by [John Swire](https://www.pinterest.com.au/missionnewenergy/) [underlined](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Argent's strong](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market position, [including](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) there was now an [opportunity](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) "to take Argent's skills more afield".<br>
+<br> Swire, of John Swire, stated his business was [devoted](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "checking out and purchasing ingenious and feasible green industries".<br>
+<br>He included: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and succeed not only within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://www.bloomberg.com/profile/company/MNELF:US) and worths that work with our own, and eagerly anticipate working with them to maximise Argent [Energy's future](https://www.pinterest.com.au/missionnewenergy/) capacity."<br>
+<br>Argent was established 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 capability to produce as much as 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>