Add MP Backs Biodiesel Tax Break Campaign

Christen Gillon 2025-01-18 15:18:53 +08:00
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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 [MP Andrew](https://www.bloomberg.com/profile/company/MNELF:US) George is backing a [campaign](https://forest500.org/rankings/companies/mission-newenergy-limited) to keep [tax breaks](https://forest500.org/rankings/companies/mission-newenergy-limited) for business who produce [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>[Producers transforming](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [presently benefit](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr [George stated](https://www.bloomberg.com/profile/company/MNELF:US) "a number of little businesses in Cornwall presently make cash from used cooking oil".<br>
<br>He added: "In order to be able to get this sort of industry going it does require just a bit of lift which is available in the kind of tax foregone."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of [traditional](https://www.zoominfo.com/c/mission-newenergy/346542889) diesel, [rapeseed](https://www.crunchbase.com/organization/mission-newenergy) and [veggie oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from [pasties](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [power cars](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) and trucks<br>
<br>13 May 2011<br>
<br>Old chip [fat powers](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Democrats<br>