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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been purchased by a green financial [investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) [company](https://forest500.org/rankings/companies/mission-newenergy-limited).<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  fuel by [recycling wastes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [residues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Andy Hunter, [managing director](https://stocktwits.com/symbol/MNEL) [Jim Walker](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [monetary director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Boyd are to stay with the business.<br>
+<br>Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, verified it had actually [offered](https://www.crunchbase.com/organization/mission-newenergy) its 37% stake in Argent.<br>
+<br>['Future](https://forest500.org/rankings/companies/mission-newenergy-limited) capacity'<br>
+<br>Mr Walker said the financial investment by [John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) highlighted [Argent's strong](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) market position, adding there was now an [opportunity](https://stocktwits.com/symbol/MNEL) "to take Argent's skills further afield".<br>
+<br>Barnaby Swire, of John Swire, said his [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) was committed to "exploring and purchasing ingenious and viable green industries".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a business which our company believe can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) workers a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and values that work with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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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