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Add MP Backs Biodiesel Tax Break Campaign

Dewey Vanhorn 2025-01-12 04:42:20 +08:00
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<br>MP backs [biodiesel tax](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.pinterest.com.au/missionnewenergy/) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a [project](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep [tax breaks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers](https://www.pinterest.com.au/missionnewenergy/) [converting cooking](https://stocktwits.com/symbol/MNEL) oil into [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) currently gain from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Team, has been [consulting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with the UK sustainable [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) alliance.<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 number of little businesses in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of market going it does require simply a bit of lift which can be found in the kind of tax inevitable."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a blend of [traditional](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, [rapeseed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and [veggie oils](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>Fuel from pasties to power cars and trucks<br>
<br>13 May 2011<br>
<br>Old chip [fat powers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Place ferry<br>
<br>15 June 2010<br>
<br>St Ives [Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>