Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy)  Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive commercial](https://www.google.com/search?kgmid=/m/0cqd_rb) production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a [green investment](https://stocktwits.com/symbol/MNEL) business.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for an [undisclosed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and residues such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](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) Andy Hunter, [managing director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Walker and [financial director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the private financial investment company of [transport](https://forest500.org/rankings/companies/mission-newenergy-limited) [magnate Sir](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Brian Souter, validated it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's [strong market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) position, [including](https://www.pinterest.com.au/missionnewenergy/) there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was [dedicated](https://www.pinterest.com.au/missionnewenergy/) to "checking out and buying ingenious and viable green markets".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which we think can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and values that work with our own, and anticipate dealing with them to [maximise Argent](https://www.pinterest.com.au/missionnewenergy/) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included 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.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) 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>