Add Pioneering Biodiesel Producer Argent Energy Sold

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) to a subsidiary of [London-based John](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil and tallow from the meat market.<br>
+<br>The [company](https://www.bloomberg.com/profile/company/MNELF:US) will remain in [private ownership](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and will continue to run separately.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.crunchbase.com/organization/mission-newenergy) [Jim Boyd](https://www.pinterest.com.au/missionnewenergy/) are to stay with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) firm of [transport tycoon](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Souter, [verified](https://www.bloomberg.com/profile/company/MNELF:US) it had  its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the [financial investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) underlined Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, stated his company was [committed](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) to "exploring and purchasing ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.pinterest.com.au/missionnewenergy/) & Sons Ltd sees in Argent Energy's [workers](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) a mix of attributes and worths that work with our own, and anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management along 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>