Add Pioneering Biodiesel Producer Argent Energy Sold

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

@@ -0,0 +1,19 @@
+<br> [producer Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been bought by a [green financial](https://stocktwits.com/symbol/MNEL) [investment company](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](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) Swire & Sons for an [undisclosed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) amount.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by [recycling wastes](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and residues such as utilized cooking oil and tallow from the [meat market](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The firm will remain in private ownership and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary [director](https://www.google.com/search?kgmid=/m/0cqd_rb) [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to stay with the [company](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Souter Investments, the [personal investment](https://pitchbook.com/profiles/company/51278-86) firm of transport magnate Sir Brian Souter, verified it had [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) highlighted Argent's 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](https://www.crunchbase.com/organization/mission-newenergy) was devoted to "exploring and buying ingenious and viable green markets".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a company which we think can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Sons Ltd sees in [Argent Energy's](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) staff members a mix of [characteristics](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) and values that are compatible with our own, and eagerly anticipate working with them to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Argent [Energy's](https://www.crunchbase.com/organization/mission-newenergy) future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability 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>