Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [massive business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) production of biodiesel in the UK, has actually been bought by a green investment [business](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.crunchbase.com/organization/mission-newenergy) of [London-based John](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.pinterest.com.au/missionnewenergy/) such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the meat market.<br>
+<br>The firm will remain in [personal ownership](https://www.businessnews.com.au/Company/Mission-NewEnergy) and will [continue](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director [Jim Boyd](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) are to stay with the [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Souter Investments, the private investment business of transportation magnate Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr Walker said the [financial investment](https://www.crunchbase.com/organization/mission-newenergy) by John Swire [highlighted Argent's](https://pitchbook.com/profiles/company/51278-86) strong market position, adding there was now an [opportunity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his  was [dedicated](https://www.pinterest.com.au/missionnewenergy/) to "checking out and investing in innovative and feasible green markets".<br>
+<br>He added: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and succeed not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and eagerly anticipate working with them to [increase](https://www.bloomberg.com/profile/company/MNELF:US) 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 capacity to produce up to 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>