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+<br>Pioneering biodiesel [producer Argent](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [massive business](https://www.pinterest.com.au/missionnewenergy/) production of [biodiesel](https://stocktwits.com/symbol/MNEL) in the UK, has been bought by a [green investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://www.zoominfo.com/c/mission-newenergy/346542889) Swire & Sons for a concealed sum.<br>
+<br>Argent makes [green road](https://stocktwits.com/symbol/MNEL) fuel by [recycling wastes](https://pitchbook.com/profiles/company/51278-86) and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will stay in private ownership and will continue to run independently.<br>
+<br>Its senior management, [consisting](https://pitchbook.com/profiles/company/51278-86) of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Hunter, handling [director Jim](https://forest500.org/rankings/companies/mission-newenergy-limited) Walker and [monetary director](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to remain with the company.<br>
+<br>Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, confirmed it had sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the investment by John Swire [highlighted Argent's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) strong market position, including there was now a chance "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) was [committed](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) to "checking out and buying innovative and viable green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and succeed not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>" & Sons Ltd sees in Argent Energy's employees a mix of [attributes](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and worths that work with our own, and anticipate dealing with them to maximise Argent Energy's future [potential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html)."<br>
+<br>Argent was established 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 approximately 50 million litres of [biodiesel](https://www.crunchbase.com/organization/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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