Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturer [Argent Energy](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) [company](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [London-based John](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as  oil and tallow from the [meat industry](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The firm will remain in private ownership and will continue to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Boyd are to stay with the [company](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Souter Investments, the personal investment company of transportation magnate Sir Brian Souter, [validated](https://www.businessnews.com.au/Company/Mission-NewEnergy) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://pitchbook.com/profiles/company/51278-86) "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) was [dedicated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to "checking out and purchasing innovative and feasible green markets".<br>
+<br>He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in Argent Energy's employees a mix of attributes and values that are suitable with our own, and anticipate dealing with them to maximise [Argent Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management along 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>