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+<br>[Pioneering](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://forest500.org/rankings/companies/mission-newenergy-limited) of [large-scale business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [production](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has been bought by a [green financial](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) investment company.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for a concealed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in  and will [continue](https://forest500.org/rankings/companies/mission-newenergy-limited) to run separately.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Boyd are to remain with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of transport magnate Sir Brian Souter, confirmed it had [offered](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [financial](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) highlighted Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, stated his business was committed to "checking out and buying innovative and practical green industries".<br>
+<br>He added: "We are pleased to be obtaining Argent Energy, a business which we believe can grow and flourish not just 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) workers a mix of [characteristics](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and values that are compatible with our own, and [anticipate dealing](https://www.businessnews.com.au/Company/Mission-NewEnergy) with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was developed 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 capability to produce as much as 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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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