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Update 'MP Backs Biodiesel Tax Break Campaign'

Jacquie Toutcher 2025-01-12 05:59:46 +00:00
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<br>MP backs [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) tax break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.bloomberg.com/profile/company/MNELF:US) [MP Andrew](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) George is backing a [campaign](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to keep tax breaks for business who .<br>
<br>Producers converting [cooking oil](https://pitchbook.com/profiles/company/51278-86) into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [presently](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) take [advantage](https://www.businessnews.com.au/Company/Mission-NewEnergy) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Team, has actually been [consulting](https://pitchbook.com/profiles/company/51278-86) with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [alliance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Mr George said "a variety of small companies in Cornwall currently make cash from used cooking oil".<br>
<br>He included: "In order to have the ability to get this type of market going it does need just a bit of lift which can be found in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a mix of [traditional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Democrats<br>