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Add MP Backs Biodiesel Tax Break Campaign

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Abdul O'Conor 2025-01-11 20:06:07 +01:00
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<br>MP backs [biodiesel tax](https://stocktwits.com/symbol/MNEL) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [project](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to keep [tax breaks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for [business](https://www.zoominfo.com/c/mission-newenergy/346542889) who [produce](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers](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) [transforming cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil into [biodiesel](https://www.pinterest.com.au/missionnewenergy/) currently take [advantage](https://www.bloomberg.com/profile/company/MNELF:US) of a 20p [differential](https://www.zoominfo.com/c/mission-newenergy/346542889) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [satisfying](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with the [UK sustainable](https://www.pinterest.com.au/missionnewenergy/) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) alliance.<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of industry going it does require simply a little bit of lift which can be found in the form of tax inescapable."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of [traditional](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) diesel, [rapeseed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [veggie oils](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Fuel from pasties to [power cars](https://www.businessnews.com.au/Company/Mission-NewEnergy) and trucks<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Democrats<br>