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Add MP Backs Biodiesel Tax Break Campaign

Susanne Pond 2025-01-14 10:26:57 +00:00
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<br>MP backs [biodiesel tax](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [MP Andrew](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) George is backing a [campaign](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [companies](https://www.pinterest.com.au/missionnewenergy/) who [produce biodiesel](https://stocktwits.com/symbol/MNEL).<br>
<br>[Producers transforming](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [cooking](https://stocktwits.com/symbol/MNEL) oil into [biodiesel](https://stocktwits.com/symbol/MNEL) currently take [advantage](https://pitchbook.com/profiles/company/51278-86) of a 20p but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Team, has actually been [consulting](https://stocktwits.com/symbol/MNEL) with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [alliance](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Mr George said "a variety of small companies in Cornwall presently earn money from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which is available in the kind of tax inevitable."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a blend of [traditional](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) diesel, rapeseed and [veggie oils](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.businessnews.com.au/Company/Mission-NewEnergy) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Democrats<br>