Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [tax break](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) MP [Andrew George](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is backing a [campaign](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel](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).<br>
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<br>[Producers transforming](https://www.crunchbase.com/organization/mission-newenergy) cooking oil into [biodiesel](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) [presently gain](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from a 20p [differential](https://stocktwits.com/symbol/MNEL) however that is because of end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Team, has actually been [meeting](https://www.zoominfo.com/c/mission-newenergy/346542889) with the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel alliance](https://www.crunchbase.com/organization/mission-newenergy).<br>
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<br>Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
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<br>He included: "In order to be able to get this type of market going it does need simply a little bit of lift which comes in the form of tax foregone."<br>
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<br>[Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is a mix of standard diesel, [rapeseed](https://pitchbook.com/profiles/company/51278-86) and .<br>
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<br>Fuel from pasties 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://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Democrats<br>
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