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Add MP Backs Biodiesel Tax Break Campaign

Antwan Delaney 2025-01-12 15:12:29 +08:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [MP Andrew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) George is backing a [project](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [converting cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) currently take [advantage](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) of a 20p [differential](https://stocktwits.com/symbol/MNEL) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has been [consulting](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Mr [George stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) "a variety of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He included: "In order to be able to get this sort of market going it does need just a little bit of lift which can be found in the form of tax inevitable."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a mix of [standard](https://pitchbook.com/profiles/company/51278-86) diesel, [rapeseed](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) and .<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>