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](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [biodiesel](https://pitchbook.com/profiles/company/51278-86) in the UK, has been bought by a [green investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [company](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Argent, based near Motherwell, was [offered](https://www.bloomberg.com/profile/company/MNELF:US) to a [subsidiary](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of  Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The firm will stay in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Hunter, [managing director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Jim Walker and [monetary director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal financial investment business of [transport tycoon](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Sir Brian Souter, validated it had actually [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [investment](https://stocktwits.com/symbol/MNEL) by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) was [dedicated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to "exploring and investing in ingenious and viable green markets".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a company which our company believe can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) staff members a mix of [attributes](https://www.zoominfo.com/c/mission-newenergy/346542889) and values that work with our own, and eagerly anticipate working with them to maximise Argent Energy's future [potential](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)."<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 capacity to produce as much as 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) 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>