Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [tax break](https://forest500.org/rankings/companies/mission-newenergy-limited) campaign<br>
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<br>29 June 2011<br>
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<br> [MP Andrew](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) George is backing a [project](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for [companies](https://pitchbook.com/profiles/company/51278-86) who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
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<br>[Producers converting](https://www.bloomberg.com/profile/company/MNELF:US) [cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil into biodiesel currently [benefit](https://www.crunchbase.com/organization/mission-newenergy) from a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) however that is due to end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [meeting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [alliance](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
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<br>Mr George said "a variety of small companies in Cornwall presently make money from utilized cooking oil".<br>
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<br>He included: "In order to have the ability to get this sort of industry going it does need simply a bit of lift which is available in the type of tax inescapable."<br>
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<br>[Biodiesel](https://pitchbook.com/profiles/company/51278-86) is a blend of [standard](https://stocktwits.com/symbol/MNEL) diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
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<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to power automobiles<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferry<br>
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<br>15 June 2010<br>
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<br>St Ives Liberal Democrats<br>
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