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Add MP Backs Biodiesel Tax Break Campaign

Rosario Treadwell 2025-01-12 11:48:20 +00:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) break campaign<br>
<br>29 June 2011<br>
<br>Liberal Democrat MP [Andrew George](https://www.crunchbase.com/organization/mission-newenergy) is backing a project to keep [tax breaks](https://forest500.org/rankings/companies/mission-newenergy-limited) for [business](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) who [produce biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>[Producers](https://www.google.com/search?kgmid=/m/0cqd_rb) [transforming 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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Team, has been [consulting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
<br>He added: "In order to be able to get this kind of industry going it does need just a bit of lift which is available in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of [traditional](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [veggie oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>