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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)  Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of [large-scale industrial](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has actually been bought by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an [undisclosed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) sum.<br>
+<br>Argent makes [green road](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by [recycling wastes](https://www.zoominfo.com/c/mission-newenergy/346542889) and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Jim Boyd](https://www.businessnews.com.au/Company/Mission-NewEnergy) are to stay with the [company](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Souter Investments, the [private investment](https://www.bloomberg.com/profile/company/MNELF:US) firm of transport tycoon Sir Brian Souter, [validated](https://stocktwits.com/symbol/MNEL) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the financial investment by John Swire [highlighted Argent's](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) strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire, of John Swire, stated his business was committed to "checking out and buying innovative and feasible green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a business which we think can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [workers](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of [qualities](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and worths that are suitable with our own, and anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.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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