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Add MP Backs Biodiesel Tax Break Campaign

Lashunda Fortune 2025-01-11 19:17:37 -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.zoominfo.com/c/mission-newenergy/346542889) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.crunchbase.com/organization/mission-newenergy) George is backing a [project](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) who [produce](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>[Producers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [converting cooking](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil into gain from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Team, has been [fulfilling](https://www.crunchbase.com/organization/mission-newenergy) with the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Mr George said "a variety of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of industry going it does require simply a bit of lift which is available in the form of tax foregone."<br>
<br>[Biodiesel](https://www.crunchbase.com/organization/mission-newenergy) is a mix of [conventional](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, rapeseed and veggie oils.<br>
<br>Fuel from pasties to [power cars](https://www.pinterest.com.au/missionnewenergy/) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>