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Add MP Backs Biodiesel Tax Break Campaign

Sondra Wakelin 2025-01-18 07:30:33 +00:00
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<br>MP backs [biodiesel](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) [tax break](https://www.pinterest.com.au/missionnewenergy/) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) MP [Andrew George](https://www.google.com/search?kgmid=/m/0cqd_rb) is backing a [campaign](https://www.google.com/search?kgmid=/m/0cqd_rb) to keep [tax breaks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for [companies](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) who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>[Producers transforming](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [presently gain](https://www.zoominfo.com/c/mission-newenergy/346542889) from a 20p [differential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) however that is due to 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 [consulting](https://forest500.org/rankings/companies/mission-newenergy-limited) with the [UK sustainable](https://www.crunchbase.com/organization/mission-newenergy) .<br>
<br>Mr George said "a number of small services in Cornwall currently generate income from utilized cooking oil".<br>
<br>He included: "In order to be able to get this sort of industry going it does require just a bit of lift which is available in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a blend of conventional diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and veggie oils.<br>
<br>Fuel from pasties to [power cars](https://www.bloomberg.com/profile/company/MNELF:US) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>