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Add MP Backs Biodiesel Tax Break Campaign

Fanny Conforti 2025-01-18 23:31:12 +08:00
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<br>MP backs break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.google.com/search?kgmid=/m/0cqd_rb) [MP Andrew](https://stocktwits.com/symbol/MNEL) George is backing a [campaign](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to keep [tax breaks](https://stocktwits.com/symbol/MNEL) for [companies](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) who produce [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>[Producers transforming](https://pitchbook.com/profiles/company/51278-86) [cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) currently [benefit](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from a 20p [differential](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Mr George said "a number of small companies in Cornwall presently make money from used cooking oil".<br>
<br>He included: "In order to be able to get this kind of industry going it does need just a bit of lift which is available in the kind of tax inevitable."<br>
<br>[Biodiesel](https://stocktwits.com/symbol/MNEL) is a blend of [traditional](https://www.businessnews.com.au/Company/Mission-NewEnergy) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [veggie oils](https://stocktwits.com/symbol/MNEL).<br>
<br>Fuel from pasties to [power cars](https://forest500.org/rankings/companies/mission-newenergy-limited) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Democrats<br>