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Add MP Backs Biodiesel Tax Break Campaign

Isabel Suter 2025-01-18 16:47:24 +08:00
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<br>MP backs break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [MP Andrew](https://pitchbook.com/profiles/company/51278-86) George is backing a [project](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep tax breaks for business who [produce](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Producers transforming [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [presently gain](https://forest500.org/rankings/companies/mission-newenergy-limited) from a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.crunchbase.com/organization/mission-newenergy) Team, has actually been [meeting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) with the [UK sustainable](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [alliance](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this type of industry going it does need just a little bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is a mix of [standard](https://pitchbook.com/profiles/company/51278-86) diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [veggie oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Fuel from pasties to [power cars](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](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) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.crunchbase.com/organization/mission-newenergy) Democrats<br>