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Add MP Backs Biodiesel Tax Break Campaign

Claribel Quezada 2025-01-18 13:03:20 +01:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) tax break campaign<br>
<br>29 June 2011<br>
<br>Liberal [Democrat MP](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Andrew George](https://www.google.com/search?kgmid=/m/0cqd_rb) is backing a campaign to keep tax breaks for [companies](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) who [produce](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>Producers [converting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [cooking oil](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) into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) currently [benefit](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from a 20p [differential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) but that is due to 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 actually been [satisfying](https://pitchbook.com/profiles/company/51278-86) with the [UK sustainable](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Mr George said "a number of little companies in Cornwall presently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of industry going it does need simply a little bit of lift which can be found in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) is a blend of [traditional](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) diesel, [rapeseed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and [vegetable oils](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Fuel from [pasties](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to power cars<br>
<br>13 May 2011<br>
<br>Old powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>