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+<br>[Pioneering](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a green investment company.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://pitchbook.com/profiles/company/51278-86) amount.<br>
+<br>Argent makes [green road](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) will stay in [private ownership](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and will continue to run individually.<br>
+<br>Its senior management, consisting of [chairman Andy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Hunter, [managing director](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Jim Walker and financial director Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment firm of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [confirmed](https://forest500.org/rankings/companies/mission-newenergy-limited) it had 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 [investment](https://www.pinterest.com.au/missionnewenergy/) by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) highlighted Argent's [strong market](https://www.zoominfo.com/c/mission-newenergy/346542889) position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br> Swire, of John Swire, stated his [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) was committed to "checking out and investing in innovative and practical green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which we think can grow and flourish not just within the UK but likewise overseas, in specific 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](https://www.businessnews.com.au/Company/Mission-NewEnergy) staff members a mix of attributes and values that work with our own, and [eagerly anticipate](https://www.businessnews.com.au/Company/Mission-NewEnergy) working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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>
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