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Add MP Backs Biodiesel Tax Break Campaign

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Isaac Ault 2025-01-17 23:23:05 +00:00
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<br>MP backs [biodiesel tax](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.crunchbase.com/organization/mission-newenergy) [MP Andrew](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) George is backing a [project](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep [tax breaks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for [business](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who [produce](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>[Producers](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [transforming](https://www.pinterest.com.au/missionnewenergy/) oil into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) currently [benefit](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from a 20p [differential](https://pitchbook.com/profiles/company/51278-86) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.google.com/search?kgmid=/m/0cqd_rb) Team, has actually been consulting with the [UK sustainable](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr George stated "a number of little services in Cornwall currently make cash from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of industry going it does require just a bit of lift which comes in the kind of tax inevitable."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a mix of [traditional](https://www.pinterest.com.au/missionnewenergy/) diesel, rapeseed and vegetable oils.<br>
<br>Fuel from [pasties](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>