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Add MP Backs Biodiesel Tax Break Campaign

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Randal Randell 2025-01-18 23:31:48 +08:00
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<br>MP backs [biodiesel tax](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.crunchbase.com/organization/mission-newenergy) [MP Andrew](https://www.pinterest.com.au/missionnewenergy/) George is backing a [campaign](https://pitchbook.com/profiles/company/51278-86) to keep [tax breaks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for [companies](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) who [produce biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers transforming](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) cooking oil into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) currently benefit from a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) "a number of small businesses in Cornwall currently generate income from used cooking oil".<br>
<br>He added: "In order to be able to get this sort of industry going it does require simply a bit of lift which can be found in the kind of tax inescapable."<br>
<br>[Biodiesel](https://pitchbook.com/profiles/company/51278-86) is a blend of [conventional](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and .<br>
<br>Fuel from [pasties](https://pitchbook.com/profiles/company/51278-86) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>