Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br> [manufacturer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial production 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 firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green road](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [residues](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) such as used [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and tallow from the meat market.<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) will remain in personal [ownership](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [monetary](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) director Jim Boyd are to remain with the [business](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Souter Investments, the [private investment](https://www.bloomberg.com/profile/company/MNELF:US) company of transportation tycoon Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) highlighted [Argent's strong](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was devoted to "checking out and purchasing ingenious and practical green industries".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we think can grow and prosper not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.pinterest.com.au/missionnewenergy/) & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of [qualities](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and values that work with our own, and look forward to dealing with them to [maximise Argent](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Energy's future](https://forest500.org/rankings/companies/mission-newenergy-limited) potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>