Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [manufacturer](https://pitchbook.com/profiles/company/51278-86) [Argent Energy](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [production](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.crunchbase.com/organization/mission-newenergy) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will stay in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm of [transport magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, [validated](https://pitchbook.com/profiles/company/51278-86) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) potential'<br>
+<br>Mr Walker said the [financial investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by [John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) highlighted Argent's strong market position, including there was now a chance "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his company was committed to "exploring and purchasing ingenious and viable green markets".<br>
+<br>He included: "We are delighted to be acquiring Argent Energy, a company which we think can grow and succeed not just within the UK but also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in Argent Energy's [employees](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) a mix of [attributes](https://pitchbook.com/profiles/company/51278-86) and values that work with our own, and look forward to working with them to [maximise Argent](https://www.google.com/search?kgmid=/m/0cqd_rb) [Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) future ."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of biodiesel 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>