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+<br>[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [manufacturer Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has been purchased by a green financial .<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for a [concealed](https://www.bloomberg.com/profile/company/MNELF:US) amount.<br>
+<br>Argent makes [green road](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as used [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and tallow from the meat market.<br>
+<br>The firm will remain in personal ownership and will continue to run [independently](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary director [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to stay with the [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Souter Investments, the [personal investment](https://www.zoominfo.com/c/mission-newenergy/346542889) firm of transport magnate Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) underlined Argent's strong market position, [including](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his [company](https://www.pinterest.com.au/missionnewenergy/) was devoted to "exploring and buying ingenious and feasible green markets".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and succeed not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and worths that work with our own, and [anticipate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) working with them to increase Argent Energy's future [potential](https://www.zoominfo.com/c/mission-newenergy/346542889)."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 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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