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Add MP Backs Biodiesel Tax Break Campaign

Nelson Edkins 2025-01-18 23:40:12 +08:00
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<br>MP backs [biodiesel tax](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) break campaign<br>
<br>29 June 2011<br>
<br>Liberal Democrat [MP Andrew](https://www.crunchbase.com/organization/mission-newenergy) 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.crunchbase.com/organization/mission-newenergy) for [companies](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) who [produce](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil into [biodiesel](https://stocktwits.com/symbol/MNEL) currently take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) however 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 actually been meeting the UK sustainable [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [alliance](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>Mr [George stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) "a variety of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He added: "In order to be able to get this kind of market going it does need simply a bit of lift which is available in the type of tax inevitable."<br>
<br> is a blend of standard diesel, [rapeseed](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 [vegetable oils](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Fuel from [pasties](https://www.crunchbase.com/organization/mission-newenergy) to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.bloomberg.com/profile/company/MNELF:US) Democrats<br>