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Add MP Backs Biodiesel Tax Break Campaign

Steven Leahy 2025-01-12 11:57:15 +08:00
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.businessnews.com.au/Company/Mission-NewEnergy) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.pinterest.com.au/missionnewenergy/) [MP Andrew](https://forest500.org/rankings/companies/mission-newenergy-limited) George is backing a project to keep [tax breaks](https://www.pinterest.com.au/missionnewenergy/) for [companies](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) who produce [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>[Producers transforming](https://stocktwits.com/symbol/MNEL) [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently [benefit](https://www.pinterest.com.au/missionnewenergy/) from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has been [fulfilling](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) .<br>
<br>Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this type of market going it does need just a bit of lift which is available in the form of tax foregone."<br>
<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a mix of standard diesel, rapeseed and [veggie oils](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Fuel from [pasties](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [power cars](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://forest500.org/rankings/companies/mission-newenergy-limited) Democrats<br>