Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) break campaign<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) George is backing a [project](https://www.bloomberg.com/profile/company/MNELF:US) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [business](https://forest500.org/rankings/companies/mission-newenergy-limited) who [produce biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
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<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil into [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) currently [benefit](https://stocktwits.com/symbol/MNEL) from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Team, has actually been [satisfying](https://forest500.org/rankings/companies/mission-newenergy-limited) with the [UK sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
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<br>Mr George said "a number 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 kind of industry going it does require simply a bit of lift which comes in the type of tax inevitable."<br>
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<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a blend of [standard](https://pitchbook.com/profiles/company/51278-86) diesel, rapeseed and [veggie oils](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>Fuel from pasties to [power cars](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and trucks<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.investing.com/equities/mission-newenergy-ltd-company-profile) Democrats<br>
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