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+<br>[Pioneering](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [manufacturer 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 [massive commercial](https://www.zoominfo.com/c/mission-newenergy/346542889) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a green financial [investment business](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>Argent, based near Motherwell, was  to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for an [undisclosed](https://www.businessnews.com.au/Company/Mission-NewEnergy) amount.<br>
+<br>Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in private ownership and will continue to run [individually](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Souter Investments, the [private investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firm of transport tycoon Sir Brian Souter, validated it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by John Swire [highlighted](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Argent's strong](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) market position, adding there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, stated his [business](https://www.crunchbase.com/organization/mission-newenergy) was devoted to "exploring and investing in ingenious and practical green industries".<br>
+<br>He added: "We are happy to be obtaining Argent Energy, a company which we think can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.crunchbase.com/organization/mission-newenergy) a mix of attributes and values that are [suitable](https://stocktwits.com/symbol/MNEL) with our own, and look [forward](https://www.google.com/search?kgmid=/m/0cqd_rb) to dealing with them to [maximise Argent](https://www.bloomberg.com/profile/company/MNELF:US) [Energy's future](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) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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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