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Add MP Backs Biodiesel Tax Break Campaign

Basil Tillyard
2025-01-18 10:11:29 +09:00
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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://pitchbook.com/profiles/company/51278-86) project<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.crunchbase.com/organization/mission-newenergy) [Democrat MP](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [Andrew George](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is backing a project to keep tax breaks for business 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [cooking oil](https://pitchbook.com/profiles/company/51278-86) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Team, has been consulting with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr George stated "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which is available in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is a blend of [traditional](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) diesel, [rapeseed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [veggie oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Fuel from [pasties](https://www.crunchbase.com/organization/mission-newenergy) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Democrats<br>