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Add MP Backs Biodiesel Tax Break Campaign

Dorine Mcclure 2025-01-12 02:14:32 +08:00
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<br>MP backs [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [tax break](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) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) MP [Andrew George](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is backing a project to keep [tax breaks](https://www.bloomberg.com/profile/company/MNELF:US) for [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) who [produce biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>[Producers transforming](https://www.bloomberg.com/profile/company/MNELF:US) [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) into [biodiesel presently](https://stocktwits.com/symbol/MNEL) from a 20p [differential](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) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Team, has actually been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel alliance](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Mr George said "a variety of small companies in Cornwall currently earn money from utilized cooking oil".<br>
<br>He added: "In order to be able to get this sort of industry going it does need simply a bit of lift which is available in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a mix of [conventional](https://www.businessnews.com.au/Company/Mission-NewEnergy) diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [vegetable oils](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Fuel from pasties to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>