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Add MP Backs Biodiesel Tax Break Campaign

Krystyna Prince 2025-01-12 07:25:18 +08:00
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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [tax break](https://www.google.com/search?kgmid=/m/0cqd_rb) campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) George is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [companies](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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.crunchbase.com/organization/mission-newenergy) [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) currently gain from a 20p [differential](https://www.zoominfo.com/c/mission-newenergy/346542889) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has been [fulfilling](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with the [UK sustainable](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this type of market going it does require simply a bit of lift which can be found in the type of tax inevitable."<br>
<br>[Biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) is a blend of [standard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, rapeseed and [veggie oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Fuel from [pasties](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) to [power cars](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) and trucks<br>
<br>13 May 2011<br>
<br>Old chip [fat powers](https://www.google.com/search?kgmid=/m/0cqd_rb) Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](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) Democrats<br>