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+<br>Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of large-scale business 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 investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a [concealed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) amount.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes and residues such as [utilized cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the [meat industry](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The firm will remain in private ownership and will continue to run [individually](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and [monetary director](https://www.bloomberg.com/profile/company/MNELF:US) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the personal investment firm of [transportation magnate](https://www.google.com/search?kgmid=/m/0cqd_rb) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, verified it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'<br>
+<br>Mr [Walker stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the [investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [highlighted Argent's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [strong market](https://www.bloomberg.com/profile/company/MNELF:US) position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.pinterest.com.au/missionnewenergy/) Swire, of John Swire, stated his company was committed to "checking out and investing in innovative and feasible green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) & Sons Ltd sees in Argent Energy's workers a mix of  and values 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 purchased by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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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