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<br>MP backs [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [tax break](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) project<br> |
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<br>29 June 2011<br> |
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<br>[Liberal](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) [Democrat MP](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Andrew George](https://www.bloomberg.com/profile/company/MNELF:US) is backing a to keep tax breaks for [companies](https://stocktwits.com/symbol/MNEL) who [produce](https://stocktwits.com/symbol/MNEL) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889).<br> |
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<br>[Producers converting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [cooking](https://stocktwits.com/symbol/MNEL) oil into [biodiesel](https://pitchbook.com/profiles/company/51278-86) currently gain from a 20p [differential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) however that is because of end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been [consulting](https://www.crunchbase.com/organization/mission-newenergy) with the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br> |
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<br>Mr George said "a variety of small services in Cornwall currently make cash from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this sort of market going it does need just a little bit of lift which comes in the type of tax inevitable."<br> |
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<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a mix of [traditional](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) diesel, rapeseed and [veggie oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br> |
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<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to [power cars](https://www.bloomberg.com/profile/company/MNELF:US) 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 Democrats<br> |
