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Add MP Backs Biodiesel Tax Break Campaign

Lettie Hocking 2025-01-18 00:57:53 +03:00
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<br>MP backs [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [tax break](https://www.google.com/search?kgmid=/m/0cqd_rb) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [MP Andrew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) George is backing a [campaign](https://www.pinterest.com.au/missionnewenergy/) to keep tax breaks for business who [produce biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [cooking oil](https://www.pinterest.com.au/missionnewenergy/) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) take [advantage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of a 20p [differential](https://pitchbook.com/profiles/company/51278-86) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable [biodiesel](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) [alliance](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Mr [George stated](https://www.zoominfo.com/c/mission-newenergy/346542889) "a number of small companies in Cornwall currently make cash from used cooking oil".<br>
<br>He included: "In order to be able to get this type of market going it does need simply a bit of lift which is available in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) is a blend of [standard](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [veggie oils](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Fuel from to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://pitchbook.com/profiles/company/51278-86) Democrats<br>