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Add MP Backs Biodiesel Tax Break Campaign

Amy Fabinyi 2025-01-12 10:03:23 +08:00
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<br>MP backs [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) tax break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) MP Andrew George is backing a project to keep [tax breaks](https://www.google.com/search?kgmid=/m/0cqd_rb) for [business](https://www.zoominfo.com/c/mission-newenergy/346542889) who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers converting](https://www.pinterest.com.au/missionnewenergy/) [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) currently take [advantage](https://www.google.com/search?kgmid=/m/0cqd_rb) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has been [fulfilling](https://www.businessnews.com.au/Company/Mission-NewEnergy) with the UK sustainable [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [alliance](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>Mr George said "a variety of little organizations in Cornwall presently make cash from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of market going it does need just a little bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) is a blend of [standard](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and [vegetable oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Fuel from to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.zoominfo.com/c/mission-newenergy/346542889) Democrats<br>