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Add MP Backs Biodiesel Tax Break Campaign

Vida Overstreet 2025-01-13 05:02:10 -05:00
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<br>MP backs [biodiesel tax](https://www.bloomberg.com/profile/company/MNELF:US) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [campaign](https://www.businessnews.com.au/Company/Mission-NewEnergy) to keep [tax breaks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for [companies](https://www.crunchbase.com/organization/mission-newenergy) who [produce](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>[Producers converting](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) [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently take [advantage](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of a 20p but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.businessnews.com.au/Company/Mission-NewEnergy) Team, has actually been [meeting](https://www.crunchbase.com/organization/mission-newenergy) with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [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 presently generate income from utilized cooking oil".<br>
<br>He included: "In order to be able to get this kind of market going it does require just a little bit of lift which is available in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) is a blend of [conventional](https://stocktwits.com/symbol/MNEL) diesel, rapeseed and [veggie oils](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>