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Update 'MP Backs Biodiesel Tax Break Campaign'

Caroline Goldschmidt 2025-01-11 18:06:12 +00:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) MP [Andrew George](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is backing a [project](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://www.bloomberg.com/profile/company/MNELF:US) for [companies](https://www.pinterest.com.au/missionnewenergy/) who [produce](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br> [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 [benefit](https://forest500.org/rankings/companies/mission-newenergy-limited) from a 20p [differential](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) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [satisfying](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel alliance](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Mr George said "a number of small companies in Cornwall currently make cash from utilized cooking oil".<br>
<br>He included: "In order to be able to get this kind of market going it does need just a little bit of lift which comes in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of traditional diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [veggie oils](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>