Add 'Pioneering Biodiesel Producer Argent Energy Sold'

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

@@ -0,0 +1,19 @@
+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](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) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and residues such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [independently](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private financial](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) investment company of [transport](https://www.bloomberg.com/profile/company/MNELF:US) magnate [Sir Brian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Souter, [verified](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by John [Swire underlined](https://www.google.com/search?kgmid=/m/0cqd_rb)  market position, adding there was now an opportunity "to take Argent's abilities further afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) was [dedicated](https://stocktwits.com/symbol/MNEL) to "exploring and investing in innovative and viable green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's workers a mix of [qualities](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and values that work with our own, and look forward to dealing with them to increase Argent Energy's [future capacity](https://forest500.org/rankings/companies/mission-newenergy-limited)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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>