Add '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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [producer Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has actually been [purchased](https://pitchbook.com/profiles/company/51278-86) by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.google.com/search?kgmid=/m/0cqd_rb) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, [consisting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private investment [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [transportation tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [confirmed](https://www.google.com/search?kgmid=/m/0cqd_rb) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by John Swire [underlined](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Argent's strong](https://forest500.org/rankings/companies/mission-newenergy-limited) market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Swire, of John Swire, said his [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) was [committed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "exploring and purchasing ingenious and viable green industries".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which we think can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in  staff members a mix of attributes and worths that are compatible with our own, and eagerly anticipate [dealing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with them to [increase Argent](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included 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](https://www.zoominfo.com/c/mission-newenergy/346542889) 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>