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+<br>[Pioneering](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire & Sons for an [undisclosed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as  oil and tallow from the [meat market](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>The firm will stay in personal ownership and will [continue](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to run individually.<br>
+<br>Its senior management, [consisting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of chairman Andy Hunter, managing director Jim Walker and [monetary director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Jim Boyd are to remain with the [business](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Souter Investments, the personal investment firm of [transportation magnate](https://forest500.org/rankings/companies/mission-newenergy-limited) [Sir Brian](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) Souter, confirmed it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, including there was now an [opportunity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, said his [company](https://www.crunchbase.com/organization/mission-newenergy) was devoted to "checking out and buying ingenious and feasible green industries".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) & Sons Ltd sees in Argent Energy's [workers](https://www.businessnews.com.au/Company/Mission-NewEnergy) a mix of attributes and values that work with our own, and eagerly anticipate dealing with them to [maximise Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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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