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Add MP Backs Biodiesel Tax Break Campaign

Karla Overton 2025-01-11 04:50:09 +00:00
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<br>MP backs [biodiesel tax](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [project](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for [business](https://www.bloomberg.com/profile/company/MNELF:US) who [produce](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>[Producers converting](https://www.businessnews.com.au/Company/Mission-NewEnergy) [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently gain from a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been with the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel alliance](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Mr George said "a number of small organizations in Cornwall currently make cash from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of industry going it does require just a bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](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) is a mix of [standard](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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](https://www.zoominfo.com/c/mission-newenergy/346542889).<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.investing.com/equities/mission-newenergy-ltd-company-profile) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>