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Add MP Backs Biodiesel Tax Break Campaign

Samantha Vargas 2025-01-11 19:03:23 +00:00
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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [tax break](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a [project](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce](https://stocktwits.com/symbol/MNEL) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers transforming](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [cooking](https://www.crunchbase.com/organization/mission-newenergy) oil into [biodiesel presently](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [benefit](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://pitchbook.com/profiles/company/51278-86) Team, has actually been [consulting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [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) [alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of market going it does need simply a bit of lift which comes in the form of tax inescapable."<br>
<br> is a mix of traditional diesel, rapeseed and vegetable oils.<br>
<br>Fuel from pasties to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.businessnews.com.au/Company/Mission-NewEnergy) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://pitchbook.com/profiles/company/51278-86) Democrats<br>