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Add MP Backs Biodiesel Tax Break Campaign

Sherlyn Vangundy 2025-01-12 09:40:28 +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](https://forest500.org/rankings/companies/mission-newenergy-limited) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) MP Andrew George is backing a [campaign](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) who [produce](https://www.pinterest.com.au/missionnewenergy/) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>[Producers converting](https://www.zoominfo.com/c/mission-newenergy/346542889) [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) into [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) currently gain from a 20p [differential](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) but 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 actually been [consulting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) with the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel alliance](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Mr George said "a number of small companies in Cornwall currently 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 little bit of lift which can be found in the type of tax foregone."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of [conventional](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [vegetable oils](https://stocktwits.com/symbol/MNEL).<br>
<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to and trucks<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>