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Add MP Backs Biodiesel Tax Break Campaign

Jacquelyn Sharrow 2025-01-12 11:43:27 +00:00
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<br>MP backs break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://forest500.org/rankings/companies/mission-newenergy-limited) [MP Andrew](https://pitchbook.com/profiles/company/51278-86) George is backing a [campaign](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers transforming](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently gain](https://www.google.com/search?kgmid=/m/0cqd_rb) from a 20p [differential](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Team, has actually been [fulfilling](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with the UK sustainable [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [alliance](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Mr [George stated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "a number of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of market going it does require simply a bit of lift which is available in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) is a mix of traditional diesel, [rapeseed](https://www.crunchbase.com/organization/mission-newenergy) and [vegetable oils](https://forest500.org/rankings/companies/mission-newenergy-limited).<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.energy-xprt.com/companies/mission-newenergy-limited-36048) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>