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+<br>Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) manufacturer [Argent Energy](https://stocktwits.com/symbol/MNEL) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business [production](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been bought by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by recycling wastes and [residues](https://www.pinterest.com.au/missionnewenergy/) such as used [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and tallow from the [meat market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>The firm will stay in private ownership and will continue to run [individually](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, [managing director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Walker and [financial director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal investment [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of transport magnate Sir Brian Souter, [confirmed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it had actually [offered](https://www.crunchbase.com/organization/mission-newenergy) its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) potential'<br>
+<br>Mr Walker said the  by John Swire underlined Argent's strong market position, adding there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire, of John Swire, stated his company was [dedicated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "exploring and purchasing innovative and practical green markets".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a business which we think can grow and succeed not just within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://stocktwits.com/symbol/MNEL) a mix of [attributes](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and worths that are compatible with our own, and look forward to working with them to maximise Argent Energy's future potential."<br>
+<br>Argent was established 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://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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