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Add MP Backs Biodiesel Tax Break Campaign

Jaclyn Keys 2025-01-18 00:28:08 +00:00
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<br>MP backs [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) tax break campaign<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Democrat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [MP Andrew](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) George is backing a [campaign](https://pitchbook.com/profiles/company/51278-86) to keep tax breaks for business who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [converting cooking](https://pitchbook.com/profiles/company/51278-86) oil into [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [presently](https://www.pinterest.com.au/missionnewenergy/) take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the [UK sustainable](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [alliance](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Mr George stated "a number of small services in Cornwall presently generate income from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does require simply a bit of lift which can be found in the type of tax foregone."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a blend of diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to [power cars](https://forest500.org/rankings/companies/mission-newenergy-limited) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>