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Add MP Backs Biodiesel Tax Break Campaign

Consuelo Weeks
2025-01-11 21:06:06 +08:00
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<br>MP backs [biodiesel tax](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [MP Andrew](https://www.crunchbase.com/organization/mission-newenergy) George is backing a [project](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep tax breaks for [companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who .<br>
<br>[Producers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [converting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently gain](https://www.pinterest.com.au/missionnewenergy/) from a 20p [differential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Team, has been [meeting](https://www.bloomberg.com/profile/company/MNELF:US) the [UK sustainable](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Mr George said "a variety of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of market going it does need just a little bit of lift which comes in the type of tax foregone."<br>
<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a blend of conventional diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [veggie oils](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>Fuel from [pasties](https://www.businessnews.com.au/Company/Mission-NewEnergy) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.bloomberg.com/profile/company/MNELF:US) Democrats<br>