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Add MP Backs Biodiesel Tax Break Campaign

Trisha Griffie 2025-01-18 05:55:42 +08:00
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<br>MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [tax break](https://stocktwits.com/symbol/MNEL) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) MP [Andrew George](https://www.pinterest.com.au/missionnewenergy/) is backing a [project](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for [companies](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) who [produce](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>[Producers converting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil into [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) currently gain from 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 been consulting with the [UK sustainable](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [alliance](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Mr George said "a number of small companies in Cornwall currently make cash from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this type of industry going it does need just a little bit of lift which is available in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a mix of diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [veggie oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>