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Add MP Backs Biodiesel Tax Break Campaign

Estella Lamson 2025-01-11 23:06:25 -05:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) break campaign<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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep [tax breaks](https://stocktwits.com/symbol/MNEL) for [companies](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) who [produce](https://www.pinterest.com.au/missionnewenergy/) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>[Producers transforming](https://www.crunchbase.com/organization/mission-newenergy) [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently gain from 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 Team, has been satisfying with the UK sustainable [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [alliance](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Mr [George stated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) "a number of small companies in Cornwall presently make money from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this type of industry going it does require just a bit of lift which comes in the kind of tax inevitable."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of [conventional](https://www.bloomberg.com/profile/company/MNELF:US) diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.crunchbase.com/organization/mission-newenergy) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Democrats<br>