Add 'MP Backs Biodiesel Tax Break Campaign'

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MP-Backs-Biodiesel-Tax-Break-Campaign.md

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<br>MP backs [biodiesel tax](https://www.zoominfo.com/c/mission-newenergy/346542889) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) George is backing a [project](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to keep [tax breaks](https://www.google.com/search?kgmid=/m/0cqd_rb) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who [produce biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>[Producers converting](https://www.bloomberg.com/profile/company/MNELF:US) [cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently take [advantage](https://www.businessnews.com.au/Company/Mission-NewEnergy) of a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) but that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Team, has been consulting with the [UK sustainable](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Mr [George stated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) "a number of small companies in Cornwall currently earn money from used cooking oil".<br>
<br>He included: "In order to be able to get this sort of industry going it does need simply a bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a blend of [standard](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) diesel, [rapeseed](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 [vegetable oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Fuel from to power vehicles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>
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