Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://pitchbook.com/profiles/company/51278-86) Energy offered<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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been purchased by a green investment company.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) amount.<br>
+<br>Argent makes [green road](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel by recycling wastes and residues such as used [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and tallow from the [meat market](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and financial [director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) are to remain with the company.<br>
+<br>Souter Investments, the private investment firm of transportation magnate Sir Brian Souter, confirmed it had actually [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by John [Swire underlined](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) was [devoted](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to "checking out and buying innovative and feasible green industries".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) staff members a mix of [characteristics](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and values that work with our own, and look  to working with them to increase Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with 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.energy-xprt.com/companies/mission-newenergy-limited-36048) 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>