Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.google.com/search?kgmid=/m/0cqd_rb) of massive commercial [production](https://forest500.org/rankings/companies/mission-newenergy-limited) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the .<br>
+<br>The firm will remain in private ownership and will [continue](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to run [independently](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, handling director Jim Walker and [financial director](https://www.crunchbase.com/organization/mission-newenergy) [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to stay with the [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Souter Investments, the [personal investment](https://www.bloomberg.com/profile/company/MNELF:US) firm of transportation magnate [Sir Brian](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://forest500.org/rankings/companies/mission-newenergy-limited) capacity'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, stated his company was devoted to "checking out and buying ingenious and viable green industries".<br>
+<br>He included: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and prosper 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 workers a mix of [characteristics](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and values that are compatible with our own, and [eagerly anticipate](https://www.google.com/search?kgmid=/m/0cqd_rb) dealing with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed 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 as much as 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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>