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Add MP Backs Biodiesel Tax Break Campaign

Vivien Jasso 2025-01-18 01:11:40 +08:00
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<br>MP backs [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [tax break](https://www.pinterest.com.au/missionnewenergy/) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.crunchbase.com/organization/mission-newenergy) MP [Andrew George](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) is backing a [campaign](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to keep tax breaks for business who [produce biodiesel](https://stocktwits.com/symbol/MNEL).<br>
<br>[Producers converting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [cooking](https://www.crunchbase.com/organization/mission-newenergy) oil into [biodiesel presently](https://www.zoominfo.com/c/mission-newenergy/346542889) gain from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is because of 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 with the UK sustainable [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>Mr [George stated](https://stocktwits.com/symbol/MNEL) "a variety of small companies in Cornwall currently make cash from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this type of industry going it does need simply a bit of lift which can be found in the kind of tax inevitable."<br>
<br>[Biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) is a mix of [standard](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) diesel, [rapeseed](https://pitchbook.com/profiles/company/51278-86) and [veggie oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from [pasties](https://forest500.org/rankings/companies/mission-newenergy-limited) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Democrats<br>