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Add MP Backs Biodiesel Tax Break Campaign

Addie Basham 2025-01-12 01:40:06 +01:00
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<br>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<br>
<br>29 June 2011<br>
<br>[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/).<br>
<br>[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.<br>
<br>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.<br>
<br>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".<br>
<br>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."<br>
<br> 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).<br>
<br>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<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Democrats<br>