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Add MP Backs Biodiesel Tax Break Campaign

Colby Pastor 2025-01-12 00:11:43 +08:00
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<br>MP backs break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.crunchbase.com/organization/mission-newenergy) [MP Andrew](https://pitchbook.com/profiles/company/51278-86) George is backing a [project](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to keep [tax breaks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for [business](https://www.bloomberg.com/profile/company/MNELF:US) who [produce](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers converting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) currently take [advantage](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://pitchbook.com/profiles/company/51278-86) Team, has been [satisfying](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) alliance.<br>
<br>Mr [George stated](https://forest500.org/rankings/companies/mission-newenergy-limited) "a variety of little companies in Cornwall currently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of industry going it does need just a bit of lift which can be found in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of traditional diesel, rapeseed and veggie oils.<br>
<br>Fuel from [pasties](https://www.google.com/search?kgmid=/m/0cqd_rb) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.crunchbase.com/organization/mission-newenergy) Democrats<br>