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+<br>Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive industrial production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has actually been purchased by a [green financial](https://www.bloomberg.com/profile/company/MNELF:US) investment company.<br>
+<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
+<br>Argent makes green roadway fuel by recycling wastes and [residues](https://www.businessnews.com.au/Company/Mission-NewEnergy) such as utilized [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and tallow from the [meat industry](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The firm will remain in [private ownership](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run [separately](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Its senior management,  Andy Hunter, [managing director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and [financial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [director Jim](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Boyd are to stay with the company.<br>
+<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) company of [transport tycoon](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Sir Brian Souter, [verified](https://www.businessnews.com.au/Company/Mission-NewEnergy) it had actually offered its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker said the [financial investment](https://www.pinterest.com.au/missionnewenergy/) by John Swire underlined Argent's strong market position, including there was now a chance "to take Argent's skills more afield".<br>
+<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his business was [committed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "exploring and investing in ingenious and practical green markets".<br>
+<br>He added: "We are happy to be getting Argent Energy, a business which we think can grow and prosper not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business are familiar.<br>
+<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's staff members a mix of qualities and values that are compatible with our own, and eagerly anticipate working with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.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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