Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs break campaign<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.pinterest.com.au/missionnewenergy/) MP [Andrew George](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep [tax breaks](https://www.google.com/search?kgmid=/m/0cqd_rb) for [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) who [produce biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
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<br>[Producers transforming](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) currently take [advantage](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of a 20p [differential](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) but that is due to end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.bloomberg.com/profile/company/MNELF:US) Team, has actually been [fulfilling](https://stocktwits.com/symbol/MNEL) with the [UK sustainable](https://stocktwits.com/symbol/MNEL) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
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<br>Mr George said "a number of small businesses in Cornwall currently earn money from utilized cooking oil".<br>
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<br>He added: "In order to have the ability to get this sort of market going it does require just a bit of lift which comes in the type of tax foregone."<br>
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<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a blend of conventional diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
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<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to power cars<br>
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<br>13 May 2011<br>
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<br>Old chip fat powers Place ferry<br>
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<br>15 June 2010<br>
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<br>St [Ives Liberal](https://www.crunchbase.com/organization/mission-newenergy) Democrats<br>
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