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Add MP Backs Biodiesel Tax Break Campaign

Bennett Forde 2025-01-11 18:42:47 -06:00
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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://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a [campaign](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [companies](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) who .<br>
<br>[Producers converting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil into [biodiesel](https://pitchbook.com/profiles/company/51278-86) [presently](https://stocktwits.com/symbol/MNEL) take [advantage](https://pitchbook.com/profiles/company/51278-86) of a 20p [differential](https://stocktwits.com/symbol/MNEL) but that is because of 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) alliance.<br>
<br>Mr George stated "a variety of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of market going it does need just a little bit of lift which comes in the kind of tax inescapable."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is a blend of [traditional](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) diesel, rapeseed and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Democrats<br>