Add 'MP Backs Biodiesel Tax Break Campaign'

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Antonetta Fitzhardinge 3 months ago
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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.businessnews.com.au/Company/Mission-NewEnergy) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a campaign to keep [tax breaks](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) for business who produce [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>Producers transforming [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently take [advantage](https://forest500.org/rankings/companies/mission-newenergy-limited) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Team, has actually been with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) [alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Mr [George stated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) "a number of small companies in Cornwall currently generate income from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a blend of [conventional](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [vegetable oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Fuel from [pasties](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>
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