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<br>MP backs [biodiesel tax](https://www.crunchbase.com/organization/mission-newenergy) break project<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [MP Andrew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) George is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep [tax breaks](https://www.businessnews.com.au/Company/Mission-NewEnergy) for [companies](https://www.zoominfo.com/c/mission-newenergy/346542889) who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br> |
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<br>[Producers transforming](https://stocktwits.com/symbol/MNEL) [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [presently](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) take [advantage](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however that is due to end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) [alliance](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).<br> |
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<br>Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this kind of market going it does need just a bit of lift which can be found in the form of tax inescapable."<br> |
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<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a mix of [standard](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) diesel, and [veggie oils](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br> |
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<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<br> |
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<br>13 May 2011<br> |
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<br>Old [chip fat](https://pitchbook.com/profiles/company/51278-86) powers Place ferryboat<br> |
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<br>15 June 2010<br> |
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<br>St Ives Liberal Democrats<br> |
