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Add MP Backs Biodiesel Tax Break Campaign

Agnes Colangelo 2025-01-14 19:30:57 +08:00
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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [tax break](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.crunchbase.com/organization/mission-newenergy) MP Andrew George is backing a [project](https://forest500.org/rankings/companies/mission-newenergy-limited) to keep tax breaks for companies who [produce](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).<br>
<br>[Producers converting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [cooking oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently take [advantage](https://www.crunchbase.com/organization/mission-newenergy) of a 20p however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has actually been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Mr George said "a number of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He added: "In order to be able to get this type of market going it does need just a bit of lift which comes in the form of tax inevitable."<br>
<br>[Biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) is a mix of conventional diesel, [rapeseed](https://forest500.org/rankings/companies/mission-newenergy-limited) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Democrats<br>