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MP backs [biodiesel tax](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) break project
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29 June 2011
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[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](https://www.pinterest.com.au/missionnewenergy/) George is backing a [campaign](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://pitchbook.com/profiles/company/51278-86).
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[Producers](https://pitchbook.com/profiles/company/51278-86) oil into [biodiesel presently](https://www.businessnews.com.au/Company/Mission-NewEnergy) take [advantage](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) of a 20p [differential](https://pitchbook.com/profiles/company/51278-86) however that is due to end next April.
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The St Ives MP, who leads the Lib Dem [Environment](https://www.bloomberg.com/profile/company/MNELF:US) Team, has actually been [consulting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with the UK sustainable [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Mr George stated "a number of small companies in Cornwall currently generate income from used cooking oil".
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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 kind of tax inescapable."
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[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a blend 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](https://www.crunchbase.com/organization/mission-newenergy) and [veggie oils](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Fuel from [pasties](https://www.pinterest.com.au/missionnewenergy/) to power cars
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13 May 2011
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Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferry
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15 June 2010
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St Ives Liberal Democrats
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