Add MP Backs Biodiesel Tax Break Campaign

Elissa Kane 2025-01-11 11:49:04 -05:00
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<br>MP backs break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [MP Andrew](https://www.google.com/search?kgmid=/m/0cqd_rb) George is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers transforming](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into [biodiesel presently](https://www.businessnews.com.au/Company/Mission-NewEnergy) gain from a 20p [differential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Team, has been [meeting](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr George stated "a number of little companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to be able to get this type of market going it does require simply a bit of lift which comes in the type of tax foregone."<br>
<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a blend of traditional diesel, rapeseed and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Fuel from [pasties](https://pitchbook.com/profiles/company/51278-86) to [power cars](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and trucks<br>
<br>13 May 2011<br>
<br>Old chip [fat powers](https://pitchbook.com/profiles/company/51278-86) Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>