Add MP Backs Biodiesel Tax Break Campaign

Lindsey Figueroa 2025-01-12 01:30:48 +00:00
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<br>MP backs [biodiesel tax](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) MP [Andrew George](https://www.pinterest.com.au/missionnewenergy/) is backing a [campaign](https://www.bloomberg.com/profile/company/MNELF:US) to keep [tax breaks](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for business who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers converting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently gain from a 20p [differential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.bloomberg.com/profile/company/MNELF:US) Team, has actually been [meeting](https://www.pinterest.com.au/missionnewenergy/) with the [UK sustainable](https://www.pinterest.com.au/missionnewenergy/) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [alliance](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>Mr George stated "a variety of small companies in Cornwall currently make cash from used cooking oil".<br>
<br>He included: "In order to have the ability to get this type of industry going it does require simply a bit of lift which comes in the form of tax inevitable."<br>
<br> is a blend of conventional diesel, [rapeseed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [veggie oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [power cars](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>