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Add MP Backs Biodiesel Tax Break Campaign

Cyril Crisp 2025-01-11 21:25:57 +08:00
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](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) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [campaign](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to keep [tax breaks](https://www.pinterest.com.au/missionnewenergy/) for [companies](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers](https://pitchbook.com/profiles/company/51278-86) [converting](https://www.crunchbase.com/organization/mission-newenergy) [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) currently [benefit](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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 Team, has actually been [meeting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) with the UK sustainable [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Mr George said "a number of little companies in Cornwall presently generate income from used cooking oil".<br>
<br>He added: "In order to be able to get this type of industry going it does require simply a bit of lift which is available in the kind of tax inescapable."<br>
<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a mix of traditional diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and [veggie oils](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Fuel from to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Democrats<br>