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Add MP Backs Biodiesel Tax Break Campaign

Garland Piscitelli 2025-01-12 15:58:13 +08:00
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<br>MP backs [biodiesel tax](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) George is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.bloomberg.com/profile/company/MNELF:US) for [business](https://stocktwits.com/symbol/MNEL) who [produce](https://pitchbook.com/profiles/company/51278-86) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers transforming](https://pitchbook.com/profiles/company/51278-86) [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [meeting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [alliance](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Mr George said "a number of small services in Cornwall currently make cash from utilized cooking oil".<br>
<br>He added: "In order to be able to get this sort of market going it does need simply a little bit of lift which can be found in the kind of tax inescapable."<br>
<br>Biodiesel is a mix of conventional diesel, [rapeseed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [veggie oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://forest500.org/rankings/companies/mission-newenergy-limited) Democrats<br>