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Add MP Backs Biodiesel Tax Break Campaign

Bailey Mccune 2025-01-12 09:03:18 +00:00
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<br>MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [tax break](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) MP Andrew George is backing a [campaign](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [companies](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) who [produce](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [converting cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) currently [benefit](https://www.bloomberg.com/profile/company/MNELF:US) from a 20p but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [satisfying](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with the UK sustainable [biodiesel alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Mr [George stated](https://www.google.com/search?kgmid=/m/0cqd_rb) "a variety of small companies in Cornwall currently make money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does need just a bit of lift which is available in the type of tax foregone."<br>
<br>[Biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is a blend of [standard](https://www.pinterest.com.au/missionnewenergy/) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [veggie oils](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Fuel from [pasties](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>