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Add MP Backs Biodiesel Tax Break Campaign

Staci Ward 2025-01-11 23:41:43 +08:00
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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) tax break project<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Democrat MP Andrew George is backing a [campaign](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to keep [tax breaks](https://www.businessnews.com.au/Company/Mission-NewEnergy) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil into [biodiesel presently](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) take [advantage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however 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 been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](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) [biodiesel alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr [George stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) "a variety of small companies in Cornwall currently make money from used cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of market going it does require just a little bit of lift which comes in the form of tax inevitable."<br>
<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a blend of [conventional](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) diesel, and [veggie oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from pasties to [power cars](https://www.pinterest.com.au/missionnewenergy/) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>