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+<br>[Pioneering](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [producer Argent](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) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale business production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has been bought by a green financial [investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [company](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of  Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run independently.<br>
+<br>Its senior management, [including chairman](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Andy Hunter, handling director Jim Walker and [monetary](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Boyd are to stay with the [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Souter Investments, the [personal investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) firm of [transportation tycoon](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, verified it had actually offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the [financial investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by John Swire underlined Argent's strong market position, including there was now an [opportunity](https://www.bloomberg.com/profile/company/MNELF:US) "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, stated his company was devoted to "exploring and buying innovative and viable green markets".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which our company believe can grow and succeed not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://www.pinterest.com.au/missionnewenergy/) and values that work with our own, and look forward to [dealing](https://www.bloomberg.com/profile/company/MNELF:US) with them to [maximise Argent](https://pitchbook.com/profiles/company/51278-86) Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of 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.investing.com/equities/mission-newenergy-ltd-company-profile) 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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