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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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been [purchased](https://www.businessnews.com.au/Company/Mission-NewEnergy) by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire & Sons for a [concealed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) sum.<br>
+<br>Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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 [company](https://www.businessnews.com.au/Company/Mission-NewEnergy) will stay in personal ownership and will continue to run individually.<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Walker and [monetary director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Jim Boyd are to stay with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>Souter Investments, the [personal investment](https://stocktwits.com/symbol/MNEL) firm of [transport tycoon](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Sir Brian Souter, [confirmed](https://stocktwits.com/symbol/MNEL) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker stated the investment by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's abilities further afield".<br>
+<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, said his [company](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) was dedicated to "exploring and investing in innovative and viable green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a business which we think can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>" & Sons Ltd sees in Argent Energy's [workers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of characteristics and values that work with our own, and look forward to dealing with them to maximise Argent Energy's [future capacity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)."<br>
+<br>Argent was developed 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.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) 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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