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+<br>[Pioneering](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [producer](https://www.zoominfo.com/c/mission-newenergy/346542889) [Argent Energy](https://www.bloomberg.com/profile/company/MNELF:US) sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of massive commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green investment](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) firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of  Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes [green road](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will stay in personal ownership and will continue to run individually.<br>
+<br>Its senior management, [consisting](https://www.zoominfo.com/c/mission-newenergy/346542889) of chairman Andy Hunter, managing director [Jim Walker](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [financial](https://www.pinterest.com.au/missionnewenergy/) [director Jim](https://www.zoominfo.com/c/mission-newenergy/346542889) Boyd are to stay with the company.<br>
+<br>Souter Investments, the private financial investment company of transport magnate Sir Brian Souter, [verified](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential'<br>
+<br>Mr Walker said the [investment](https://stocktwits.com/symbol/MNEL) by John Swire highlighted Argent's strong market position, [including](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) there was now a chance "to take Argent's skills additional afield".<br>
+<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his company was dedicated to "exploring and purchasing innovative and feasible green markets".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a business which we think can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.<br>
+<br>"[John Swire](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) & Sons Ltd sees in [Argent Energy's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [employees](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a mix of [qualities](https://www.bloomberg.com/profile/company/MNELF:US) and worths that work with our own, and eagerly anticipate working with them to increase Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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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