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Add MP Backs Biodiesel Tax Break Campaign

Debora Fyans 2025-01-12 08:53:35 +00:00
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<br>MP backs break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [MP Andrew](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) George is backing a [campaign](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [companies](https://www.crunchbase.com/organization/mission-newenergy) who [produce](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers converting](https://pitchbook.com/profiles/company/51278-86) [cooking](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil into [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) currently [benefit](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.pinterest.com.au/missionnewenergy/) Team, has been [fulfilling](https://www.pinterest.com.au/missionnewenergy/) with the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [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.<br>
<br>Mr George stated "a number of little services in Cornwall presently make cash from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of industry going it does require simply a bit of lift which can be found in the form of tax inescapable."<br>
<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a blend of [standard](https://pitchbook.com/profiles/company/51278-86) diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [vegetable oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Fuel from [pasties](https://www.zoominfo.com/c/mission-newenergy/346542889) to power automobiles<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>