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Add MP Backs Biodiesel Tax Break Campaign

Leonor Willson 2025-01-12 08:35:33 +00:00
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<br>MP backs [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [tax break](https://www.crunchbase.com/organization/mission-newenergy) campaign<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](https://www.bloomberg.com/profile/company/MNELF:US) George is backing a [campaign](https://www.businessnews.com.au/Company/Mission-NewEnergy) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for [companies](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) who [produce](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>Producers [converting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) into [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [presently gain](https://www.pinterest.com.au/missionnewenergy/) from a 20p however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [meeting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr George said "a number of small companies in Cornwall currently generate income from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this type of market going it does require simply a bit of lift which can be found in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a mix of standard diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from [pasties](https://www.crunchbase.com/organization/mission-newenergy) to power automobiles<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 Democrats<br>