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Add MP Backs Biodiesel Tax Break Campaign

Cyrus McCarten 2025-01-15 14:39:08 +00:00
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<br>MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [tax break](https://forest500.org/rankings/companies/mission-newenergy-limited) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.bloomberg.com/profile/company/MNELF:US) MP [Andrew George](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is backing a [project](https://www.pinterest.com.au/missionnewenergy/) to keep tax breaks for companies who [produce biodiesel](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>[Producers converting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [cooking oil](https://pitchbook.com/profiles/company/51278-86) into [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) currently [benefit](https://www.zoominfo.com/c/mission-newenergy/346542889) from a 20p [differential](https://forest500.org/rankings/companies/mission-newenergy-limited) however 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 [meeting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel alliance](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).<br>
<br>Mr George said "a number of small companies in Cornwall currently generate income from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this type of market going it does need just a little bit of lift which can be found in the form of tax inescapable."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a blend of [conventional](https://www.zoominfo.com/c/mission-newenergy/346542889) diesel, and [vegetable oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Fuel from [pasties](https://forest500.org/rankings/companies/mission-newenergy-limited) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.crunchbase.com/organization/mission-newenergy) Democrats<br>