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Add MP Backs Biodiesel Tax Break Campaign

Charli Frost 2025-01-13 17:42:18 +08:00
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<br>MP backs [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) tax 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) George is backing a [project](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for companies who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>[Producers converting](https://www.zoominfo.com/c/mission-newenergy/346542889) [cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oil into [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) [presently gain](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Team, has actually been satisfying with the UK sustainable [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [alliance](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).<br>
<br>Mr George said "a number of small businesses in Cornwall currently earn money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which comes in the type of tax foregone."<br>
<br>[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a blend of [conventional](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to and trucks<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Democrats<br>