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Add MP Backs Biodiesel Tax Break Campaign

Natalie Segal 2025-01-17 21:59:05 +00:00
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<br>MP backs [biodiesel tax](https://pitchbook.com/profiles/company/51278-86) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [MP Andrew](https://www.google.com/search?kgmid=/m/0cqd_rb) George is backing a [campaign](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.bloomberg.com/profile/company/MNELF:US) for business who [produce](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Producers [transforming](https://pitchbook.com/profiles/company/51278-86) [cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oil into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) currently gain from a 20p [differential](https://www.zoominfo.com/c/mission-newenergy/346542889) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.crunchbase.com/organization/mission-newenergy) Team, has actually been [meeting](https://www.bloomberg.com/profile/company/MNELF:US) the [UK sustainable](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [alliance](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Mr George said "a number of small companies in Cornwall presently make money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this kind of industry going it does require just a little bit of lift which comes in the type of tax foregone."<br>
<br>[Biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) is a mix of [conventional](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) diesel, [rapeseed](https://www.bloomberg.com/profile/company/MNELF:US) and [veggie oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](https://www.businessnews.com.au/Company/Mission-NewEnergy) to power cars and trucks<br>
<br>13 May 2011<br>
<br>Old powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>