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+<br>Pioneering [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) producer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [large-scale business](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.bloomberg.com/profile/company/MNELF:US) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been bought by a  firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a [concealed](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) sum.<br>
+<br>Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.<br>
+<br>The company will remain in personal ownership and will [continue](https://www.businessnews.com.au/Company/Mission-NewEnergy) to run separately.<br>
+<br>Its senior management, [including chairman](https://pitchbook.com/profiles/company/51278-86) Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to stay with the company.<br>
+<br>Souter Investments, the private investment [business](https://pitchbook.com/profiles/company/51278-86) of transport tycoon [Sir Brian](https://www.businessnews.com.au/Company/Mission-NewEnergy) Souter, [verified](https://forest500.org/rankings/companies/mission-newenergy-limited) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity'<br>
+<br>Mr Walker stated the financial investment by [John Swire](https://stocktwits.com/symbol/MNEL) underlined [Argent's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [strong market](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) position, adding there was now a chance "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [committed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to "checking out and buying ingenious and feasible green markets".<br>
+<br>He included: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of characteristics and values that are suitable with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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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