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+<br>[Pioneering](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.google.com/search?kgmid=/m/0cqd_rb) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.crunchbase.com/organization/mission-newenergy) 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 actually been purchased by a [green investment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) company.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of London-based John Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green road](https://pitchbook.com/profiles/company/51278-86) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the meat industry.<br>
+<br>The company will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.bloomberg.com/profile/company/MNELF:US) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the private investment firm of [transport magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Sir Brian](https://stocktwits.com/symbol/MNEL) Souter, confirmed it had actually offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) highlighted [Argent's](https://www.bloomberg.com/profile/company/MNELF:US) [strong market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) position, adding there was now a chance "to take Argent's abilities additional afield".<br>
+<br> Swire, of John Swire, said his business was [committed](https://stocktwits.com/symbol/MNEL) to "exploring and purchasing innovative and viable green industries".<br>
+<br>He added: "We are pleased to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) & Sons Ltd sees in Argent Energy's workers a mix of attributes and values that work with our own, and look [forward](https://www.crunchbase.com/organization/mission-newenergy) to dealing with them to [maximise Argent](https://www.pinterest.com.au/missionnewenergy/) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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