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Add MP Backs Biodiesel Tax Break Campaign

Tawanna Chapa 2025-01-18 22:16:35 +08:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.google.com/search?kgmid=/m/0cqd_rb) MP is backing a [campaign](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) who [produce biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers converting](https://www.businessnews.com.au/Company/Mission-NewEnergy) [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) currently gain from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://forest500.org/rankings/companies/mission-newenergy-limited) Team, has been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with the [UK sustainable](https://www.pinterest.com.au/missionnewenergy/) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr [George stated](https://www.zoominfo.com/c/mission-newenergy/346542889) "a number of small companies in Cornwall currently earn money from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of industry going it does require just a little bit of lift which can be found in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is a mix of [conventional](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and [veggie oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>