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Add MP Backs Biodiesel Tax Break Campaign

Soila Portillo 2025-01-11 01:46:06 +00:00
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<br>MP backs [biodiesel tax](https://forest500.org/rankings/companies/mission-newenergy-limited) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://forest500.org/rankings/companies/mission-newenergy-limited) [MP Andrew](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) George is backing a [campaign](https://pitchbook.com/profiles/company/51278-86) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [companies](https://forest500.org/rankings/companies/mission-newenergy-limited) who [produce biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [converting cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently take [advantage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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.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 with the UK sustainable [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [alliance](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of industry going it does need simply a little bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) is a blend of [conventional](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Democrats<br>