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Add MP Backs Biodiesel Tax Break Campaign

Del Townsend 2025-01-13 01:34:53 +08:00
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<br>MP backs [biodiesel tax](https://www.businessnews.com.au/Company/Mission-NewEnergy) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](https://stocktwits.com/symbol/MNEL) George is backing a campaign to keep [tax breaks](https://www.pinterest.com.au/missionnewenergy/) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who .<br>
<br>[Producers transforming](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) cooking oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently](https://www.zoominfo.com/c/mission-newenergy/346542889) take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.businessnews.com.au/Company/Mission-NewEnergy) Team, has been [consulting](https://pitchbook.com/profiles/company/51278-86) with the [UK sustainable](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) [biodiesel alliance](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Mr George said "a number of small companies in Cornwall currently earn money from utilized cooking oil".<br>
<br>He added: "In order to be able to get this kind of market going it does require simply a little bit of lift which can be found in the kind of tax inevitable."<br>
<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a mix of [standard](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, [rapeseed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [vegetable oils](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) 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>