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+<br>Pioneering [biodiesel](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) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by a [green investment](https://www.google.com/search?kgmid=/m/0cqd_rb) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://stocktwits.com/symbol/MNEL) sum.<br>
+<br>Argent makes  fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The [company](https://www.pinterest.com.au/missionnewenergy/) will remain in personal ownership and will continue to run [separately](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Its senior management, [including chairman](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Andy Hunter, managing director [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and [financial director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Boyd are to remain with the [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, confirmed it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [investment](https://www.bloomberg.com/profile/company/MNELF:US) by John [Swire highlighted](https://www.crunchbase.com/organization/mission-newenergy) [Argent's strong](https://www.zoominfo.com/c/mission-newenergy/346542889) market position, [including](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) there was now an opportunity "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, said his company was [devoted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "exploring and investing in innovative and feasible green markets".<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 also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in Argent Energy's workers a mix of characteristics and worths that are compatible with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) [future potential](https://pitchbook.com/profiles/company/51278-86)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) 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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