Update 'Pioneering Biodiesel Producer Argent Energy Sold'

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

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+<br>[Pioneering](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [manufacturer Argent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive industrial production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has actually been purchased by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://forest500.org/rankings/companies/mission-newenergy-limited) of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes [green road](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and residues such as used cooking oil and tallow from the [meat industry](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>The firm will remain in [private ownership](https://www.crunchbase.com/organization/mission-newenergy) and will continue to run separately.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Hunter, managing director Jim Walker and monetary director [Jim Boyd](https://www.bloomberg.com/profile/company/MNELF:US) are to remain with the business.<br>
+<br>Souter Investments, the [private financial](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) investment company of transportation magnate [Sir Brian](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Souter, [validated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had actually [offered](https://www.pinterest.com.au/missionnewenergy/) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the  by John Swire [underlined Argent's](https://www.crunchbase.com/organization/mission-newenergy) strong market position, including there was now an [opportunity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was devoted to "exploring and investing in innovative and practical green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which we think can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of [attributes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and worths that work with our own, and anticipate working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>