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+<br>Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.google.com/search?kgmid=/m/0cqd_rb) of large-scale commercial production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has been bought by a green investment firm.<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](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) of [London-based John](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) Swire & Sons for an [undisclosed](https://forest500.org/rankings/companies/mission-newenergy-limited) sum.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and residues such as utilized cooking oil and tallow from the [meat industry](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>The company will stay in personal ownership and will [continue](https://www.google.com/search?kgmid=/m/0cqd_rb) to run .<br>
+<br>Its senior management, consisting of chairman Andy Hunter, [handling director](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Jim Walker and [monetary](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [director Jim](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Boyd are to remain with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm of transport magnate Sir Brian Souter, [validated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) 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](https://www.google.com/search?kgmid=/m/0cqd_rb) there was now a chance "to take Argent's abilities additional afield".<br>
+<br>[Barnaby](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire, of John Swire, stated his business was dedicated to "checking out and investing in ingenious and feasible green markets".<br>
+<br>He included: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and flourish not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.<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 staff members a mix of characteristics and values that work with our own, and look forward to dealing with them to maximise Argent Energy's future [potential](https://www.zoominfo.com/c/mission-newenergy/346542889)."<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 capacity to produce approximately 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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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