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Add MP Backs Biodiesel Tax Break Campaign

Lara Thayer 2025-01-18 05:53:43 +00:00
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<br>MP backs [biodiesel tax](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) break campaign<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [MP Andrew](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) George is backing a [project](https://stocktwits.com/symbol/MNEL) to keep [tax breaks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [companies](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) who [produce](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>[Producers converting](https://www.businessnews.com.au/Company/Mission-NewEnergy) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [presently](https://www.businessnews.com.au/Company/Mission-NewEnergy) take [advantage](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a 20p [differential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Team, has been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>Mr George said "a variety of small companies in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does need simply a bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of standard diesel, rapeseed and vegetable oils.<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>