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Add MP Backs Biodiesel Tax Break Campaign

Ward Baldwinson
2025-01-11 21:06:41 +08:00
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<br>MP backs [biodiesel tax](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) MP [Andrew George](https://www.businessnews.com.au/Company/Mission-NewEnergy) is backing a [campaign](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep tax breaks for companies who [produce biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers converting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil into [biodiesel](https://www.pinterest.com.au/missionnewenergy/) currently take [advantage](https://stocktwits.com/symbol/MNEL) of a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.zoominfo.com/c/mission-newenergy/346542889) Team, has actually been [meeting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the [UK sustainable](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Mr [George stated](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) "a variety of small services in Cornwall currently make cash from utilized cooking oil".<br>
<br>He added: "In order to be able to get this kind of market going it does require just a little bit of lift which comes in the type of tax inevitable."<br>
<br>[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a blend of [conventional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://forest500.org/rankings/companies/mission-newenergy-limited) and [vegetable oils](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Fuel from to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>