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<br>MP backs [biodiesel tax](https://pitchbook.com/profiles/company/51278-86) break project<br> |
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<br>MP backs [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [tax break](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) campaign<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) MP [Andrew George](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is backing a [campaign](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for [companies](https://www.zoominfo.com/c/mission-newenergy/346542889) who [produce biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited).<br> |
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<br>[Producers converting](https://stocktwits.com/symbol/MNEL) [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently benefit](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from a 20p [differential](https://www.pinterest.com.au/missionnewenergy/) 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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Team, has been [meeting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the [biodiesel alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br> |
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<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "a variety of small companies in Cornwall currently make money from utilized cooking oil".<br> |
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<br>He added: "In order to be able to get this type of industry going it does require simply a little bit of lift which comes in the type 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 blend of [traditional](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and [vegetable oils](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>Fuel from [pasties](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to power automobiles<br> |
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<br>[Liberal](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Democrat MP](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Andrew George is backing a [project](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to keep tax breaks for [business](https://forest500.org/rankings/companies/mission-newenergy-limited) who produce [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br> |
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<br>Producers converting [cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) currently take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Team, has been fulfilling with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br> |
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<br>Mr [George stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) "a variety of small companies in Cornwall currently make money from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which comes in the form of tax foregone."<br> |
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<br>[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a mix of [standard](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br> |
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<br>Fuel from to power cars<br> |
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<br>13 May 2011<br> |
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<br>Old chip fat powers Place ferryboat<br> |
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<br>Old [chip fat](https://www.crunchbase.com/organization/mission-newenergy) powers Place ferryboat<br> |
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<br>15 June 2010<br> |
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<br>St Ives Liberal Democrats<br> |
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