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MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) break project
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29 June 2011
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[Liberal Democrat](https://stocktwits.com/symbol/MNEL) MP Andrew George is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep tax breaks for [companies](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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[Producers](https://www.pinterest.com.au/missionnewenergy/) [converting cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil into [biodiesel presently](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) however that is because of end next April.
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The St Ives MP, who leads the Lib Dem [Environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has actually been [meeting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the [UK sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) .
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Mr George stated "a variety of small businesses in Cornwall currently earn money from utilized cooking oil".
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He included: "In order to have the ability to get this kind of market going it does need simply a little bit of lift which can be found in the form of tax inescapable."
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[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a blend of [traditional](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) diesel, [rapeseed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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Fuel from [pasties](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [power cars](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and trucks
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13 May 2011
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Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) powers Place ferryboat
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15 June 2010
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St Ives Liberal Democrats
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