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Add MP Backs Biodiesel Tax Break Campaign

Elvis Gard 2025-01-11 23:31:32 -08:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) tax break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) MP Andrew George is backing a [campaign](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to keep tax breaks for [companies](https://www.bloomberg.com/profile/company/MNELF:US) who [produce biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>[Producers](https://pitchbook.com/profiles/company/51278-86) [transforming cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil into [biodiesel](https://stocktwits.com/symbol/MNEL) [presently](https://stocktwits.com/symbol/MNEL) take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of a 20p [differential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Team, has been [meeting](https://pitchbook.com/profiles/company/51278-86) the [UK sustainable](https://pitchbook.com/profiles/company/51278-86) [biodiesel alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr [George stated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) "a number of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of industry going it does need simply a bit of lift which is available in the kind of tax inescapable."<br>
<br> is a mix of [conventional](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and vegetable oils.<br>
<br>Fuel from [pasties](https://www.google.com/search?kgmid=/m/0cqd_rb) to power automobiles<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://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Democrats<br>