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+<br>Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [manufacturer Argent](https://stocktwits.com/symbol/MNEL) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](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.zoominfo.com/c/mission-newenergy/346542889) in the UK, has 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm.<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green roadway](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by [recycling wastes](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and residues such as used cooking oil and tallow from the [meat market](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The [company](https://www.zoominfo.com/c/mission-newenergy/346542889) will remain in personal ownership and will continue to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the personal investment firm of [transport magnate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Sir Brian Souter, validated it had actually offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [financial investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by John Swire [highlighted Argent's](https://www.crunchbase.com/organization/mission-newenergy) strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, stated his [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) was dedicated to "exploring and purchasing innovative and practical green markets".<br>
+<br>He included: "We are happy to be obtaining Argent Energy, a company which our company believe can grow and succeed not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) & Sons Ltd sees in Argent Energy's employees a mix of qualities and worths that are [suitable](https://forest500.org/rankings/companies/mission-newenergy-limited) with our own, and anticipate working with them to [increase Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management along 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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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