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Add MP Backs Biodiesel Tax Break Campaign

Buford Greenham 2025-01-17 23:08:10 +00:00
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<br>MP backs [biodiesel tax](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) break project<br>
<br>29 June 2011<br>
<br> [MP Andrew](https://stocktwits.com/symbol/MNEL) George is backing a [campaign](https://forest500.org/rankings/companies/mission-newenergy-limited) to keep [tax breaks](https://www.google.com/search?kgmid=/m/0cqd_rb) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers converting](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking](https://pitchbook.com/profiles/company/51278-86) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently gain](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from a 20p [differential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Team, has actually been [meeting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) alliance.<br>
<br>Mr [George stated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) "a variety of small companies in Cornwall currently make money from utilized cooking oil".<br>
<br>He added: "In order to be able to get this kind of industry going it does need simply a little bit of lift which can be found in the kind of tax inescapable."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of [conventional](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>