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Add MP Backs Biodiesel Tax Break Campaign

Ellen Llanos 2025-01-12 11:45:15 +01:00
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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://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [MP Andrew](https://www.bloomberg.com/profile/company/MNELF:US) George is backing a [campaign](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) who [produce biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>[Producers](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil into [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [presently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) take [advantage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [alliance](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Mr [George stated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "a variety of small companies in Cornwall currently make cash from used cooking oil".<br>
<br>He included: "In order to be able to get this type of market going it does need simply a bit of lift which comes in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of [standard](https://www.pinterest.com.au/missionnewenergy/) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.crunchbase.com/organization/mission-newenergy) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>