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Add MP Backs Biodiesel Tax Break Campaign

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Kristen Roney 2025-01-12 19:03:46 +08:00
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<br>MP backs [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [tax break](https://www.businessnews.com.au/Company/Mission-NewEnergy) campaign<br>
<br>29 June 2011<br>
<br>Liberal [Democrat MP](https://forest500.org/rankings/companies/mission-newenergy-limited) [Andrew George](https://www.businessnews.com.au/Company/Mission-NewEnergy) is backing a [project](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for [companies](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) who [produce](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>[Producers converting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil into [biodiesel](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) currently from a 20p [differential](https://stocktwits.com/symbol/MNEL) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable [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 stated](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) "a number of small companies in Cornwall presently earn money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a mix of standard diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [veggie oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Fuel from [pasties](https://forest500.org/rankings/companies/mission-newenergy-limited) to power vehicles<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>