Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.pinterest.com.au/missionnewenergy/) of massive industrial production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) to a subsidiary of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](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) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>The firm will remain in private ownership and will continue to run [independently](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Its senior management, [including chairman](https://www.crunchbase.com/organization/mission-newenergy) Andy Hunter, [handling director](https://www.pinterest.com.au/missionnewenergy/) Jim Walker and [monetary director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)  are to stay with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [business](https://forest500.org/rankings/companies/mission-newenergy-limited) 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Souter, verified it had actually [offered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, stated his company was dedicated to "exploring and purchasing ingenious and viable green industries".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a business 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 companies recognize.<br>
+<br>"John Swire & 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) workers a mix of attributes and worths that are compatible with our own, and look forward to working with them to maximise Argent Energy's [future capacity](https://www.google.com/search?kgmid=/m/0cqd_rb)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>