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<br>MP backs [biodiesel tax](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) break campaign<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [MP Andrew](https://www.bloomberg.com/profile/company/MNELF:US) George is backing a [campaign](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep [tax breaks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [companies](https://forest500.org/rankings/companies/mission-newenergy-limited) who produce [biodiesel](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>[Producers converting](https://www.pinterest.com.au/missionnewenergy/) [cooking oil](https://pitchbook.com/profiles/company/51278-86) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) take [advantage](https://www.zoominfo.com/c/mission-newenergy/346542889) of a 20p [differential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) but that is because of end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has been [meeting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the UK sustainable [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [alliance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br> |
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<br>Mr George said "a variety of small companies in Cornwall presently earn money from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this kind of market going it does require just a bit of lift which comes in the type of tax inescapable."<br> |
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<br>Biodiesel is a blend of [standard](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [veggie oils](https://stocktwits.com/symbol/MNEL).<br> |
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<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to power cars<br> |
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<br>13 May 2011<br> |
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<br>Old powers Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St [Ives Liberal](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Democrats<br> |
