Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [tax break](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.businessnews.com.au/Company/Mission-NewEnergy) [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 [campaign](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to keep [tax breaks](https://www.businessnews.com.au/Company/Mission-NewEnergy) for [companies](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce biodiesel](https://www.bloomberg.com/profile/company/MNELF:US).<br>
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<br>[Producers](https://www.bloomberg.com/profile/company/MNELF:US) 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) but that is because of end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://forest500.org/rankings/companies/mission-newenergy-limited) Team, has actually been consulting with the UK sustainable [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
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<br>Mr George said "a number of small companies in Cornwall currently make money from utilized cooking oil".<br>
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<br>He included: "In order to be able to get this kind of market going it does need simply a little bit of lift which is available in the form of tax foregone."<br>
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<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of [conventional](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br>
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<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power automobiles<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
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<br>15 June 2010<br>
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<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>
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