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Add MP Backs Biodiesel Tax Break Campaign

Bess Pelzer 2025-01-12 02:54:02 +03:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who [produce](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers transforming](https://www.bloomberg.com/profile/company/MNELF:US) [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) into [biodiesel presently](https://stocktwits.com/symbol/MNEL) [benefit](https://forest500.org/rankings/companies/mission-newenergy-limited) from a 20p [differential](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) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Mr George stated "a number of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He added: "In order to be able to get this type of market going it does need simply a bit of lift which comes in the type of tax foregone."<br>
<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a mix of [traditional](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) diesel, [rapeseed](https://pitchbook.com/profiles/company/51278-86) and [vegetable oils](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Fuel from pasties to [power cars](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Democrats<br>