Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale commercial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a [green investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil and tallow from the [meat industry](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>The firm will remain in  and will continue to run independently.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the [business](https://stocktwits.com/symbol/MNEL).<br>
+<br>Souter Investments, the [private investment](https://stocktwits.com/symbol/MNEL) firm of [transportation magnate](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) [Sir Brian](https://pitchbook.com/profiles/company/51278-86) Souter, [confirmed](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) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) capacity'<br>
+<br>Mr Walker said the financial investment by John [Swire highlighted](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Argent's strong](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) market position, adding there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, stated his business was devoted to "exploring and investing in innovative and feasible green markets".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of attributes and worths that work with our own, and look forward to working with them to [maximise Argent](https://www.bloomberg.com/profile/company/MNELF:US) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>