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MP backs [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [tax break](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) campaign
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29 June 2011
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[Liberal Democrat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [MP Andrew](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) George is backing a [project](https://www.bloomberg.com/profile/company/MNELF:US) to keep [tax breaks](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for [companies](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) who [produce biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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[Producers transforming](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking oil](https://pitchbook.com/profiles/company/51278-86) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently gain from a 20p [differential](https://stocktwits.com/symbol/MNEL) however that is due to end next April.
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The St Ives MP, who leads the Lib Dem [Environment](https://www.pinterest.com.au/missionnewenergy/) Team, has actually been meeting the UK sustainable [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) alliance.
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Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "a number of small services in Cornwall presently earn money from utilized cooking oil".
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He added: "In order to have the ability to get this kind of market going it does require just a little bit of lift which can be found in the type of tax inevitable."
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is a blend of [conventional](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [vegetable oils](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).
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Fuel from [pasties](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) to power automobiles
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13 May 2011
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Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferry
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15 June 2010
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St [Ives Liberal](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Democrats
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