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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) producer [Argent Energy](https://www.bloomberg.com/profile/company/MNELF:US) offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [large-scale commercial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [production](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) of [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) in the UK, has been bought by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.crunchbase.com/organization/mission-newenergy) of  Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in [private ownership](https://www.zoominfo.com/c/mission-newenergy/346542889) and will [continue](https://www.crunchbase.com/organization/mission-newenergy) to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [managing director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Walker and [financial director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private investment](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) firm of transportation magnate Sir Brian Souter, confirmed it had offered its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity'<br>
+<br>Mr Walker said the [investment](https://pitchbook.com/profiles/company/51278-86) by John Swire [highlighted Argent's](https://www.pinterest.com.au/missionnewenergy/) [strong market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://pitchbook.com/profiles/company/51278-86) was devoted to "checking out and purchasing ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of attributes and values that are suitable with our own, and look forward to working with them to maximise Argent Energy's future capacity."<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 capability to produce up to 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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