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<br>MP backs [biodiesel tax](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) break project<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) MP Andrew George is backing a [project](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [business](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who [produce](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br> |
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<br>[Producers transforming](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) currently from a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) but that is because of end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.pinterest.com.au/missionnewenergy/) Team, has been [meeting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel alliance](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).<br> |
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<br>Mr George stated "a number of little services in Cornwall presently generate income from utilized cooking oil".<br> |
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<br>He included: "In order to have the ability to get this type of industry going it does need simply a bit of lift which comes in the type of tax foregone."<br> |
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<br>[Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a mix of [traditional](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://stocktwits.com/symbol/MNEL) and [vegetable oils](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>Fuel from [pasties](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [power cars](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) and trucks<br> |
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<br>13 May 2011<br> |
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<br>Old chip fat powers Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St Ives Liberal Democrats<br> |
