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Add MP Backs Biodiesel Tax Break Campaign

Rogelio Snook 2025-01-12 16:50:05 +08:00
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<br>MP backs [biodiesel](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) [tax break](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) campaign<br>
<br>29 June 2011<br>
<br>[Liberal](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [Democrat MP](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Andrew George](https://www.pinterest.com.au/missionnewenergy/) is backing a [campaign](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to keep tax breaks for [companies](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) who produce biodiesel.<br>
<br>[Producers converting](https://www.businessnews.com.au/Company/Mission-NewEnergy) cooking oil into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [presently](https://www.zoominfo.com/c/mission-newenergy/346542889) take [advantage](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) of a 20p [differential](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) however that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Team, has been [fulfilling](https://www.bloomberg.com/profile/company/MNELF:US) with the UK sustainable [biodiesel alliance](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Mr [George stated](https://www.zoominfo.com/c/mission-newenergy/346542889) "a number of small services in Cornwall currently generate income from used cooking oil".<br>
<br>He included: "In order to have the ability to get this type of market going it does need simply a bit of lift which comes in the kind of tax inevitable."<br>
<br> is a blend of [conventional](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) diesel, rapeseed and [veggie oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power cars and trucks<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.crunchbase.com/organization/mission-newenergy) Democrats<br>