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Add MP Backs Biodiesel Tax Break Campaign

Dusty Paramore 2025-01-18 16:35:38 +08:00
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<br>MP backs [biodiesel tax](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [MP Andrew](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) George is backing a [campaign](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for [companies](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) who [produce](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>[Producers converting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [cooking oil](https://www.bloomberg.com/profile/company/MNELF:US) into [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) [presently benefit](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [consulting](https://forest500.org/rankings/companies/mission-newenergy-limited) with the [UK sustainable](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr [George stated](https://www.zoominfo.com/c/mission-newenergy/346542889) "a number of little companies in Cornwall presently make cash from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of market going it does require just a bit of lift which comes in the form of tax inevitable."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of standard diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from [pasties](https://www.crunchbase.com/organization/mission-newenergy) to power vehicles<br>
<br>13 May 2011<br>
<br>Old powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>