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+<br>Pioneering biodiesel [manufacturer Argent](https://stocktwits.com/symbol/MNEL) Energy sold<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 actually been purchased by a green investment business.<br>
+<br>Argent, based near Motherwell, was offered to a  of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for a concealed amount.<br>
+<br>Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel by recycling wastes and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as utilized [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).<br>
+<br>The firm will stay in private ownership and will [continue](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to run [individually](https://stocktwits.com/symbol/MNEL).<br>
+<br>Its senior management, [including chairman](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Andy Hunter, handling director Jim Walker and monetary director [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) are to stay with the business.<br>
+<br>Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) firm of transport tycoon [Sir Brian](https://stocktwits.com/symbol/MNEL) Souter, validated it had actually offered its 37% stake in Argent.<br>
+<br>['Future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) capacity'<br>
+<br>Mr Walker said the financial investment by John Swire highlighted [Argent's strong](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) market position, including there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) was committed to "exploring and investing in ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a company which we think can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br>
+<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) staff members a mix of qualities and worths that work with our own, and look [forward](https://www.google.com/search?kgmid=/m/0cqd_rb) to dealing with them to [maximise Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was purchased by a consortium that 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/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.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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