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+<br>Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale commercial [production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has been bought by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as used [cooking oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) and tallow from the [meat industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The company will remain in private ownership and will continue to run [independently](https://stocktwits.com/symbol/MNEL).<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Hunter, [handling director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Walker and monetary director  are to stay with the [company](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Souter Investments, the personal financial investment company of transportation tycoon Sir Brian Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) capacity'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) underlined Argent's strong market position, including there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his business was committed to "checking out and purchasing innovative and viable green markets".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and prosper not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](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) & Sons Ltd sees in Argent Energy's workers a mix of [characteristics](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and values that work with our own, and [anticipate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) working with them to increase Argent [Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought 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](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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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