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Add MP Backs Biodiesel Tax Break Campaign

Lorna Dorris 2025-01-11 23:50:05 +03:00
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<br>MP backs [biodiesel tax](https://www.zoominfo.com/c/mission-newenergy/346542889) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) George is backing a [campaign](https://www.google.com/search?kgmid=/m/0cqd_rb) to keep [tax breaks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers](https://stocktwits.com/symbol/MNEL) [transforming cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil into [biodiesel presently](https://stocktwits.com/symbol/MNEL) [benefit](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Team, has been [satisfying](https://forest500.org/rankings/companies/mission-newenergy-limited) with the [UK sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel alliance](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of industry going it does require just a little bit of lift which comes in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a mix of [traditional](https://www.bloomberg.com/profile/company/MNELF:US) diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from [pasties](https://www.google.com/search?kgmid=/m/0cqd_rb) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.businessnews.com.au/Company/Mission-NewEnergy) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>