Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering biodiesel](https://stocktwits.com/symbol/MNEL) [manufacturer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.businessnews.com.au/Company/Mission-NewEnergy) of large-scale business production of biodiesel in the UK, has actually been bought by a green financial investment [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sum.<br>
+<br>Argent makes [green road](https://pitchbook.com/profiles/company/51278-86) fuel by recycling wastes and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as utilized [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and tallow from the meat industry.<br>
+<br>The company will stay in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.businessnews.com.au/Company/Mission-NewEnergy) Hunter, managing [director Jim](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) Walker and monetary director Jim Boyd are to stay with the [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>Souter Investments, the [personal investment](https://www.google.com/search?kgmid=/m/0cqd_rb) business of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Souter, [validated](https://www.bloomberg.com/profile/company/MNELF:US) it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<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 [financial investment](https://www.google.com/search?kgmid=/m/0cqd_rb) by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was  to "checking out and investing in innovative and viable green markets".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://www.businessnews.com.au/Company/Mission-NewEnergy) and values that work with our own, and eagerly anticipate working with them to maximise Argent [Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) future 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 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>