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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Argent Energy](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale industrial production 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 financial [investment company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Argent, based near Motherwell, was [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to a subsidiary of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in [personal ownership](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and will continue to run [independently](https://stocktwits.com/symbol/MNEL).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Hunter, managing director Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Jim Boyd](https://www.businessnews.com.au/Company/Mission-NewEnergy) are to remain with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the [private investment](https://pitchbook.com/profiles/company/51278-86) firm of  [Sir Brian](https://www.google.com/search?kgmid=/m/0cqd_rb) Souter, [verified](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) capacity'<br>
+<br>Mr Walker said the [financial investment](https://stocktwits.com/symbol/MNEL) by John Swire underlined Argent's [strong market](https://www.zoominfo.com/c/mission-newenergy/346542889) position, including there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was devoted to "checking out and buying innovative and practical green industries".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that are suitable with our own, and look forward to dealing with them to maximise Argent [Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along 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://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>
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