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Add MP Backs Biodiesel Tax Break Campaign

Kellee Siggers 2025-01-12 10:51:11 +03:00
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<br>MP backs [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [tax break](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) campaign<br>
<br>29 June 2011<br>
<br> MP Andrew George is backing a project to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [companies](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) who [produce](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Producers converting cooking oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [benefit](https://www.pinterest.com.au/missionnewenergy/) from a 20p [differential](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the [UK sustainable](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Mr [George stated](https://www.pinterest.com.au/missionnewenergy/) "a variety of small companies in Cornwall currently make money from utilized cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of market going it does require simply a bit of lift which comes in the kind of tax inescapable."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a mix of [traditional](https://www.pinterest.com.au/missionnewenergy/) diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.crunchbase.com/organization/mission-newenergy) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Democrats<br>