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Add MP Backs Biodiesel Tax Break Campaign

Brigette Noe 2025-01-13 08:12:07 -05:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) George is backing a [project](https://stocktwits.com/symbol/MNEL) to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [companies](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) who [produce](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>[Producers](https://www.zoominfo.com/c/mission-newenergy/346542889) [transforming cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil into [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) currently gain from a 20p [differential](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Team, has been consulting with the [UK sustainable](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) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) alliance.<br>
<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) "a number of little companies in Cornwall presently earn 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 little bit of lift which can be found in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is a blend of [standard](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) diesel, rapeseed and [veggie oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Fuel from [pasties](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Democrats<br>