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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business [production](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by a green investment [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat industry](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The firm will remain in personal ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, [handling director](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and [monetary director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the [private investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm of transport magnate Sir Brian Souter, confirmed it had actually [offered](https://stocktwits.com/symbol/MNEL) its 37% stake in Argent.<br>
+<br>['Future](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) potential'<br>
+<br>Mr Walker said the investment by [John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) highlighted Argent's strong market position, including there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, stated his  was dedicated to "checking out and purchasing innovative and practical green industries".<br>
+<br>He added: "We are delighted to be getting Argent Energy, a company which we think can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://stocktwits.com/symbol/MNEL) & Sons Ltd sees in Argent Energy's [employees](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of [qualities](https://www.bloomberg.com/profile/company/MNELF:US) and values that are compatible with our own, and look forward to working with them to [increase Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [Energy's future](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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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