Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel tax](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) break project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [MP Andrew](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) George is backing a [project](https://www.google.com/search?kgmid=/m/0cqd_rb) to keep [tax breaks](https://forest500.org/rankings/companies/mission-newenergy-limited) for [companies](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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) [converting 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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://www.bloomberg.com/profile/company/MNELF:US) Team, has actually been [meeting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) .<br>
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<br>Mr [George stated](https://www.crunchbase.com/organization/mission-newenergy) "a number of small organizations in Cornwall currently earn money from utilized cooking oil".<br>
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<br>He included: "In order to be able to get this sort of industry going it does need simply a bit of lift which comes in the kind of tax inevitable."<br>
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<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a blend of [standard](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) diesel, rapeseed and [veggie oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
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<br>Fuel from [pasties](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to power cars<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) powers Place ferry<br>
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<br>15 June 2010<br>
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<br>St Ives Liberal Democrats<br>
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