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Add MP Backs Biodiesel Tax Break Campaign

Grace Sulman 2025-01-12 11:45:15 +00:00
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<br>MP backs [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [tax break](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) MP Andrew George is backing a [campaign](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who .<br>
<br>[Producers converting](https://www.crunchbase.com/organization/mission-newenergy) [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) into [biodiesel](https://stocktwits.com/symbol/MNEL) [presently gain](https://www.zoominfo.com/c/mission-newenergy/346542889) from a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.crunchbase.com/organization/mission-newenergy) Team, has actually been meeting the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Mr George stated "a number of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of market going it does need just a bit of lift which is available in the form of tax foregone."<br>
<br>[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a blend of [standard](https://forest500.org/rankings/companies/mission-newenergy-limited) diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and [vegetable oils](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).<br>
<br>Fuel from pasties to [power cars](https://www.zoominfo.com/c/mission-newenergy/346542889) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives [Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>