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<br>MP backs [biodiesel tax](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) George is backing a [campaign](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to keep tax breaks for [companies](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) who produce [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br> |
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<br>[Producers transforming](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [cooking](https://pitchbook.com/profiles/company/51278-86) oil into take [advantage](https://forest500.org/rankings/companies/mission-newenergy-limited) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has been [consulting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with the [UK sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [alliance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br> |
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<br>Mr George said "a number of little services in Cornwall currently earn money from utilized cooking oil".<br> |
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<br>He included: "In order to be able to get this sort of industry going it does need just a little bit of lift which can be found in the kind of tax foregone."<br> |
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<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a mix of conventional diesel, [rapeseed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [vegetable oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br> |
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<br>Fuel from [pasties](https://www.pinterest.com.au/missionnewenergy/) to power vehicles<br> |
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<br>13 May 2011<br> |
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<br>Old [chip fat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) powers Place ferryboat<br> |
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<br>15 June 2010<br> |
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<br>St [Ives Liberal](https://www.bloomberg.com/profile/company/MNELF:US) Democrats<br> |
