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Add MP Backs Biodiesel Tax Break Campaign

Lolita Worsham 2025-01-12 11:10:03 +00:00
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<br>MP backs [biodiesel tax](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) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zoominfo.com/c/mission-newenergy/346542889) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a [project](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) to keep [tax breaks](https://www.pinterest.com.au/missionnewenergy/) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers transforming](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) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently take [advantage](https://www.zoominfo.com/c/mission-newenergy/346542889) of a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](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) Team, has been [consulting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) with the [UK sustainable](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>Mr [George stated](https://pitchbook.com/profiles/company/51278-86) "a number of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of industry going it does require just a bit of lift which can be found in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of conventional diesel, rapeseed and [vegetable oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>