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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of massive commercial production of biodiesel in the UK, has been purchased by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sum.<br>
+<br>Argent makes [green roadway](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by [recycling wastes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in  and will continue to run individually.<br>
+<br>Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, handling director Jim Walker and monetary [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Boyd are to remain with the [company](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Souter Investments, the [personal investment](https://www.google.com/search?kgmid=/m/0cqd_rb) business of [transportation magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, confirmed it had actually [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the investment by John Swire [highlighted Argent's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [strong market](https://pitchbook.com/profiles/company/51278-86) position, [including](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, stated his company was [dedicated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "checking out and investing in innovative and feasible green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a company which our company believe can grow and prosper not only within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and worths that work with our own, and look forward to [dealing](https://www.businessnews.com.au/Company/Mission-NewEnergy) with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to 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>
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