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Add MP Backs Biodiesel Tax Break Campaign

Dominique Moncrieff 2025-01-11 16:42:12 +01:00
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<br>MP backs [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [tax break](https://www.bloomberg.com/profile/company/MNELF:US) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](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) George is backing a to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) who [produce](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](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).<br>
<br>[Producers transforming](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) [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently benefit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.businessnews.com.au/Company/Mission-NewEnergy) Team, has been [fulfilling](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>Mr George said "a number of little companies in Cornwall currently earn money from utilized cooking oil".<br>
<br>He added: "In order to be able to get this type of industry going it does need simply a bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) is a blend of [traditional](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Fuel from pasties to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>