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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 Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has actually been bought by a green financial [investment](https://www.pinterest.com.au/missionnewenergy/) 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 such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in [private ownership](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and will continue to run [separately](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Its senior management, [consisting](https://www.crunchbase.com/organization/mission-newenergy) of chairman Andy Hunter, handling [director Jim](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Walker and [financial](https://www.google.com/search?kgmid=/m/0cqd_rb) [director Jim](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Boyd are to remain with the [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Souter Investments, the [personal investment](https://www.crunchbase.com/organization/mission-newenergy) firm of [transportation tycoon](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) Sir Brian Souter, [confirmed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
+<br>Mr Walker said the investment by John Swire underlined [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>[Barnaby](https://www.zoominfo.com/c/mission-newenergy/346542889) Swire, of John Swire, stated his company was dedicated to "checking out and purchasing innovative and practical green industries".<br>
+<br>He included: "We are pleased to be obtaining Argent Energy, a company which we believe can grow and succeed 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 staff members a mix of attributes and values that are suitable with our own, and [anticipate dealing](https://www.pinterest.com.au/missionnewenergy/) with them to increase  [future capacity](https://www.google.com/search?kgmid=/m/0cqd_rb)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of 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.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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