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Add MP Backs Biodiesel Tax Break Campaign

Mandy Moor 2025-01-18 18:49:20 +08:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [project](https://www.google.com/search?kgmid=/m/0cqd_rb) to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [business](https://stocktwits.com/symbol/MNEL) who [produce biodiesel](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>[Producers converting](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) [cooking oil](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) into [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) presently [benefit](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://stocktwits.com/symbol/MNEL) Team, has been [consulting](https://www.google.com/search?kgmid=/m/0cqd_rb) with the [UK sustainable](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel alliance](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of industry going it does require simply a little bit of lift which can be found in the form of tax inescapable."<br>
<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a blend of diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [veggie oils](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Fuel from [pasties](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Democrats<br>