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Add MP Backs Biodiesel Tax Break Campaign

Alysa Colangelo 2025-01-18 05:00:15 +08:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.bloomberg.com/profile/company/MNELF:US) campaign<br>
<br>29 June 2011<br>
<br> [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 project to keep [tax breaks](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) for business who [produce](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) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>[Producers transforming](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) currently take [advantage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.crunchbase.com/organization/mission-newenergy) Team, has been [meeting](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr George said "a number of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He added: "In order to have the ability to get this type of market going it does require simply a little bit of lift which comes in the kind of tax inescapable."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of conventional diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [veggie oils](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Fuel from pasties to [power cars](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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 Liberal](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Democrats<br>