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Add MP Backs Biodiesel Tax Break Campaign

Asa Daplyn 2025-01-11 21:07:50 +00:00
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<br>MP backs [biodiesel tax](https://www.bloomberg.com/profile/company/MNELF:US) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zoominfo.com/c/mission-newenergy/346542889) [MP Andrew](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) George is backing a [project](https://www.businessnews.com.au/Company/Mission-NewEnergy) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who [produce](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil into [biodiesel presently](https://pitchbook.com/profiles/company/51278-86) take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Mr [George stated](https://stocktwits.com/symbol/MNEL) "a number of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to be able to get this type of market going it does require simply a little bit of lift which is available in the kind of tax inescapable."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a blend of conventional diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power cars and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.google.com/search?kgmid=/m/0cqd_rb) Democrats<br>