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<br>MP backs break campaign<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) MP [Andrew George](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is backing a project to keep [tax breaks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for companies who [produce biodiesel](https://stocktwits.com/symbol/MNEL).<br> |
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<br>Producers transforming [cooking oil](https://stocktwits.com/symbol/MNEL) into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [presently](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [benefit](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) however that is due to end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has been [satisfying](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.crunchbase.com/organization/mission-newenergy).<br> |
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<br>Mr George said "a number of small organizations in Cornwall presently generate income from used cooking oil".<br> |
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<br>He included: "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 form of tax inescapable."<br> |
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<br>[Biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is a blend of [conventional](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [veggie oils](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<br>Fuel from [pasties](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [power cars](https://www.crunchbase.com/organization/mission-newenergy) and trucks<br> |
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<br>13 May 2011<br> |
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<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) powers Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St [Ives Liberal](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Democrats<br> |
