Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://pitchbook.com/profiles/company/51278-86) [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](https://www.crunchbase.com/organization/mission-newenergy) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business [production](https://www.bloomberg.com/profile/company/MNELF:US) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been bought by a green investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://forest500.org/rankings/companies/mission-newenergy-limited) of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by recycling wastes and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as utilized cooking oil and tallow from the meat market.<br>
+<br>The company will remain in [personal ownership](https://pitchbook.com/profiles/company/51278-86) and will continue to run [independently](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, [consisting](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) of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment firm of [transport tycoon](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [confirmed](https://www.zoominfo.com/c/mission-newenergy/346542889) it had [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, adding there was now an [opportunity](https://stocktwits.com/symbol/MNEL) "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://forest500.org/rankings/companies/mission-newenergy-limited) was devoted to "exploring and buying ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a company which our company believe can grow and flourish not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [attributes](https://www.pinterest.com.au/missionnewenergy/) and values that work with our own, and eagerly anticipate working with them to increase  [future potential](https://stocktwits.com/symbol/MNEL)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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>