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Add MP Backs Biodiesel Tax Break Campaign

Fred Oates 2025-01-11 21:59:15 +08:00
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<br>MP backs [biodiesel tax](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) MP [Andrew George](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is backing a [project](https://www.zoominfo.com/c/mission-newenergy/346542889) to keep [tax breaks](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who produce [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers](https://www.pinterest.com.au/missionnewenergy/) converting cooking oil into [biodiesel presently](https://www.crunchbase.com/organization/mission-newenergy) [benefit](https://www.google.com/search?kgmid=/m/0cqd_rb) from a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [consulting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.pinterest.com.au/missionnewenergy/) alliance.<br>
<br>Mr George stated "a number of small companies in Cornwall presently earn money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which comes in the kind of tax inescapable."<br>
<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of [standard](https://forest500.org/rankings/companies/mission-newenergy-limited) diesel, [rapeseed](https://www.zoominfo.com/c/mission-newenergy/346542889) and .<br>
<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to [power cars](https://www.google.com/search?kgmid=/m/0cqd_rb) and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.crunchbase.com/organization/mission-newenergy) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>