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Add MP Backs Biodiesel Tax Break Campaign

Conrad Kepert 2025-01-11 21:23:48 +01:00
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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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) MP Andrew George is backing a [project](https://www.bloomberg.com/profile/company/MNELF:US) to keep tax breaks for [companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who produce [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers transforming](https://pitchbook.com/profiles/company/51278-86) [cooking oil](https://www.bloomberg.com/profile/company/MNELF:US) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently gain from a 20p [differential](https://forest500.org/rankings/companies/mission-newenergy-limited) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Team, has been the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Mr [George stated](https://www.pinterest.com.au/missionnewenergy/) "a variety of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of industry going it does require just a bit of lift which comes in the kind of tax inevitable."<br>
<br>[Biodiesel](https://stocktwits.com/symbol/MNEL) is a mix of [conventional](https://www.businessnews.com.au/Company/Mission-NewEnergy) diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [vegetable oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from [pasties](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://pitchbook.com/profiles/company/51278-86) Democrats<br>