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Add MP Backs Biodiesel Tax Break Campaign

Valentin Zylstra 2025-01-18 09:23:22 +08:00
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<br>MP backs [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [tax break](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) campaign<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Democrat MP](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Andrew George 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 converting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil into [biodiesel presently](https://www.businessnews.com.au/Company/Mission-NewEnergy) take [advantage](https://www.google.com/search?kgmid=/m/0cqd_rb) of a 20p [differential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.pinterest.com.au/missionnewenergy/) Team, has actually been the UK sustainable [biodiesel](https://stocktwits.com/symbol/MNEL) alliance.<br>
<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "a number of little services in Cornwall currently make cash from utilized cooking oil".<br>
<br>He added: "In order to be able to get this kind of industry going it does need simply a little bit of lift which can be found in the type of tax foregone."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a mix of [traditional](https://www.bloomberg.com/profile/company/MNELF:US) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [veggie oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from [pasties](https://www.pinterest.com.au/missionnewenergy/) to [power cars](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Democrats<br>