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Add MP Backs Biodiesel Tax Break Campaign

Margot Valladares 2025-01-12 12:28:39 +03:00
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<br>MP backs [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [tax break](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) project<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.bloomberg.com/profile/company/MNELF:US) [Democrat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) George is backing a project to keep tax breaks for business who [produce](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>[Producers transforming](https://pitchbook.com/profiles/company/51278-86) cooking oil into [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) currently take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has been [meeting](https://www.pinterest.com.au/missionnewenergy/) the UK sustainable [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Mr George said "a variety of small companies in Cornwall presently make cash from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this type of market going it does require just a bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is a mix of [conventional](https://www.businessnews.com.au/Company/Mission-NewEnergy) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [veggie oils](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>Fuel from [pasties](https://www.zoominfo.com/c/mission-newenergy/346542889) to [power cars](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and trucks<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.businessnews.com.au/Company/Mission-NewEnergy) Democrats<br>