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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.bloomberg.com/profile/company/MNELF:US) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has been bought by a green financial investment company.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a [concealed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) amount.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat market](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>The firm will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal financial [investment](https://www.bloomberg.com/profile/company/MNELF:US)  of transport magnate [Sir Brian](https://www.google.com/search?kgmid=/m/0cqd_rb) Souter, [verified](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) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) capacity'<br>
+<br>Mr Walker said the financial investment by [John Swire](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) underlined Argent's strong market position, adding there was now an [opportunity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, stated his company was devoted to "checking out and purchasing innovative and viable green industries".<br>
+<br>He included: "We are delighted to be obtaining Argent Energy, a company which we think can grow and prosper not just within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) staff members a mix of qualities and worths that are [suitable](https://forest500.org/rankings/companies/mission-newenergy-limited) with our own, and look forward to [dealing](https://stocktwits.com/symbol/MNEL) 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 capacity to produce approximately 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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