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Add MP Backs Biodiesel Tax Break Campaign

Gertie Lindsley 2025-01-14 01:27:04 +08:00
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<br>MP backs [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) tax break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) George is backing a campaign to keep [tax breaks](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) for [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) who produce [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>[Producers transforming](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into [biodiesel presently](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [benefit](https://www.zoominfo.com/c/mission-newenergy/346542889) from a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Team, has been [meeting](https://stocktwits.com/symbol/MNEL) the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [alliance](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Mr George said "a number of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of market going it does need simply a bit of lift which can be found in the type of tax inevitable."<br>
<br>[Biodiesel](https://pitchbook.com/profiles/company/51278-86) is a blend of [standard](https://www.bloomberg.com/profile/company/MNELF:US) diesel, and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from [pasties](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>