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Add MP Backs Biodiesel Tax Break Campaign

Carma Wilkinson 2025-01-12 08:59:52 +08:00
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<br>MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) tax break project<br>
<br>29 June 2011<br>
<br>Liberal [Democrat MP](https://stocktwits.com/symbol/MNEL) [Andrew George](https://stocktwits.com/symbol/MNEL) is backing a [project](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who [produce](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently gain from a 20p [differential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Team, has actually been [consulting](https://www.google.com/search?kgmid=/m/0cqd_rb) with the [UK sustainable](https://pitchbook.com/profiles/company/51278-86) [biodiesel alliance](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Mr George said "a variety of little companies in Cornwall currently make cash from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which is available in the kind of tax inescapable."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of [traditional](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [veggie oils](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Fuel from [pasties](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>