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Add MP Backs Biodiesel Tax Break Campaign

Sue Zahel 2025-01-11 10:22:12 -05:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.bloomberg.com/profile/company/MNELF:US) [MP Andrew](https://pitchbook.com/profiles/company/51278-86) George is backing a [campaign](https://www.pinterest.com.au/missionnewenergy/) to keep [tax breaks](https://www.crunchbase.com/organization/mission-newenergy) for [business](https://www.google.com/search?kgmid=/m/0cqd_rb) who [produce biodiesel](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>[Producers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [transforming cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil into [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) currently take [advantage](https://www.bloomberg.com/profile/company/MNELF:US) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) but 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 actually been [meeting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the UK sustainable [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) .<br>
<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "a number of little businesses in Cornwall presently generate income from used cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of market going it does need just a bit of lift which comes in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a blend of [standard](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, rapeseed and [veggie oils](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>Fuel from pasties to power cars and trucks<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives [Liberal](https://www.businessnews.com.au/Company/Mission-NewEnergy) Democrats<br>