Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs break project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://stocktwits.com/symbol/MNEL) [MP Andrew](https://www.crunchbase.com/organization/mission-newenergy) George is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for [business](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce](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).<br>
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<br>[Producers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [converting cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil into [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [presently](https://forest500.org/rankings/companies/mission-newenergy-limited) take [advantage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of a 20p [differential](https://forest500.org/rankings/companies/mission-newenergy-limited) however that is due to end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Team, has actually been [meeting](https://pitchbook.com/profiles/company/51278-86) the UK sustainable [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) alliance.<br>
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<br>Mr George stated "a number of little businesses in Cornwall currently earn money from used cooking oil".<br>
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<br>He included: "In order to be able to get this kind of market going it does require just a little bit of lift which can be found in the form of tax foregone."<br>
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<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a blend of traditional diesel, [rapeseed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [vegetable oils](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
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<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power automobiles<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>15 June 2010<br>
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<br>St [Ives Liberal](https://www.businessnews.com.au/Company/Mission-NewEnergy) Democrats<br>
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