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Add MP Backs Biodiesel Tax Break Campaign

Finlay Neagle 2025-01-12 05:27:00 +08:00
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<br>MP backs [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [tax break](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) project<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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) George is backing a [campaign](https://stocktwits.com/symbol/MNEL) to keep [tax breaks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>[Producers transforming](https://www.zoominfo.com/c/mission-newenergy/346542889) [cooking oil](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) into [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) currently [benefit](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) from a 20p [differential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) however 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 actually been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) .<br>
<br>Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".<br>
<br>He added: "In order to be able to get this sort of market going it does require simply a bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is a mix of traditional diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [veggie oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>