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Add MP Backs Biodiesel Tax Break Campaign

Kellie Kinne 2025-01-12 10:10:36 +00:00
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<br>MP backs [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [tax break](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) project<br>
<br>29 June 2011<br>
<br>Liberal [Democrat MP](https://pitchbook.com/profiles/company/51278-86) Andrew George is backing a [project](https://www.pinterest.com.au/missionnewenergy/) to keep tax breaks for companies who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers](https://www.zoominfo.com/c/mission-newenergy/346542889) [transforming cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil into [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) currently gain from a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [meeting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [alliance](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) "a variety of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He added: "In order to be able to get this type of industry going it does require simply a bit of lift which can be found in the form of tax inevitable."<br>
<br>[Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is a mix of [conventional](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) diesel, rapeseed and .<br>
<br>Fuel from [pasties](https://www.pinterest.com.au/missionnewenergy/) to [power cars](https://stocktwits.com/symbol/MNEL) and trucks<br>
<br>13 May 2011<br>
<br>Old chip [fat powers](https://www.crunchbase.com/organization/mission-newenergy) Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](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) Democrats<br>