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Add MP Backs Biodiesel Tax Break Campaign

Myron Winning 2025-01-11 23:41:37 +08:00
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<br>MP backs [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [tax break](https://www.crunchbase.com/organization/mission-newenergy) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](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) [MP Andrew](https://pitchbook.com/profiles/company/51278-86) George is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep tax breaks for business who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers transforming](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently](https://www.crunchbase.com/organization/mission-newenergy) take [advantage](https://forest500.org/rankings/companies/mission-newenergy-limited) of a 20p however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has actually been meeting 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](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) alliance.<br>
<br>Mr George said "a variety of small companies in Cornwall currently make cash from used cooking oil".<br>
<br>He added: "In order to be able to get this kind of market going it does require just a 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 [standard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, [rapeseed](https://pitchbook.com/profiles/company/51278-86) and [vegetable oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Fuel from [pasties](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Democrats<br>