Add MP Backs Biodiesel Tax Break Campaign

Sherrill Downard 2025-01-18 04:33:54 +01:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zoominfo.com/c/mission-newenergy/346542889) [MP Andrew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) George is backing a [project](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep [tax breaks](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for [companies](https://pitchbook.com/profiles/company/51278-86) who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Producers transforming [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil into [biodiesel presently](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) take [advantage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of a 20p [differential](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) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [meeting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [alliance](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).<br>
<br>Mr [George stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) "a number of small businesses in Cornwall presently generate income from used cooking oil".<br>
<br>He added: "In order to be able to get this kind of market going it does require just a bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a blend of [conventional](https://forest500.org/rankings/companies/mission-newenergy-limited) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and .<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to power cars<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>