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+<br>[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a green investment business.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.crunchbase.com/organization/mission-newenergy) to a [subsidiary](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [London-based John](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) amount.<br>
+<br>Argent makes [green road](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) fuel by [recycling wastes](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and residues such as used cooking oil and tallow from the [meat industry](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The firm will remain in [personal ownership](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run .<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal financial investment business of [transport tycoon](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, [validated](https://www.crunchbase.com/organization/mission-newenergy) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://stocktwits.com/symbol/MNEL) potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire, of John Swire, said his company was committed to "checking out and purchasing innovative and feasible green industries".<br>
+<br>He added: "We are happy to be getting Argent Energy, a company which our company believe can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that are suitable with our own, and look forward to dealing with them to increase Argent [Energy's future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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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