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Add MP Backs Biodiesel Tax Break Campaign

Margie Homer 2025-01-12 00:44:35 +00:00
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<br>MP backs [biodiesel tax](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://stocktwits.com/symbol/MNEL) [MP Andrew](https://stocktwits.com/symbol/MNEL) George is backing a campaign to keep tax breaks for [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>[Producers transforming](https://www.crunchbase.com/organization/mission-newenergy) [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) currently [benefit](https://www.bloomberg.com/profile/company/MNELF:US) from a 20p but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has actually been fulfilling with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel alliance](https://stocktwits.com/symbol/MNEL).<br>
<br>Mr [George stated](https://www.pinterest.com.au/missionnewenergy/) "a variety of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this type of industry going it does need simply a little bit of lift which comes in the kind of tax inescapable."<br>
<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) is a mix of [traditional](https://pitchbook.com/profiles/company/51278-86) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](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) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.google.com/search?kgmid=/m/0cqd_rb) Democrats<br>