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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Energy offered<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 actually been purchased by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm.<br>
+<br>Argent, based near Motherwell, was [offered](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) to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for an  amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and residues such as used cooking oil and tallow from the meat industry.<br>
+<br>The firm will remain in [private ownership](https://www.bloomberg.com/profile/company/MNELF:US) and will continue to run independently.<br>
+<br>Its senior management, [consisting](https://pitchbook.com/profiles/company/51278-86) of chairman Andy Hunter, handling director Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [private financial](https://www.google.com/search?kgmid=/m/0cqd_rb) investment company of [transportation magnate](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Sir Brian](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Souter, validated it had [offered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the [investment](https://www.google.com/search?kgmid=/m/0cqd_rb) by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, stated his business was [devoted](https://www.google.com/search?kgmid=/m/0cqd_rb) to "checking out and buying innovative and viable green markets".<br>
+<br>He included: "We are thrilled to be obtaining Argent Energy, a business which we think can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's employees a mix of characteristics and values that work with our own, and [eagerly anticipate](https://www.google.com/search?kgmid=/m/0cqd_rb) working with them to increase Argent Energy's future potential."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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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