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<br>MP backs [biodiesel tax](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) break campaign<br> |
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<br>29 June 2011<br> |
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<br>Liberal Democrat MP [Andrew George](https://stocktwits.com/symbol/MNEL) is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep [tax breaks](https://www.crunchbase.com/organization/mission-newenergy) for [companies](https://www.businessnews.com.au/Company/Mission-NewEnergy) who [produce](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br> |
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<br>[Producers converting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) into [presently](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) gain from a 20p [differential](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Team, has been [meeting](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) the [UK sustainable](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [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 companies in Cornwall currently earn money from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this kind of industry going it does require simply a little bit of lift which can be found in the type of tax inescapable."<br> |
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<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a mix of standard diesel, [rapeseed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and [veggie oils](https://www.crunchbase.com/organization/mission-newenergy).<br> |
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<br>Fuel from pasties to power vehicles<br> |
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<br>13 May 2011<br> |
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<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powers Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St [Ives Liberal](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Democrats<br> |
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