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<br>MP backs [biodiesel tax](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) break project<br> |
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<br>29 June 2011<br> |
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<br>[Liberal Democrat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [MP Andrew](https://forest500.org/rankings/companies/mission-newenergy-limited) George is backing a [project](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to keep [tax breaks](https://www.crunchbase.com/organization/mission-newenergy) for [companies](https://www.zoominfo.com/c/mission-newenergy/346542889) who [produce](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [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://stocktwits.com/symbol/MNEL) [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) into [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) currently gain from a 20p [differential](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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 been [consulting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) with the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel alliance](https://www.businessnews.com.au/Company/Mission-NewEnergy).<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 be able to get this kind of industry going it does require simply a bit of lift which comes in the form of tax inescapable."<br> |
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<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a mix of [traditional](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [veggie oils](https://stocktwits.com/symbol/MNEL).<br> |
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<br>Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to [power cars](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and trucks<br> |
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<br>13 May 2011<br> |
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<br>Old powers Place ferryboat<br> |
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<br>15 June 2010<br> |
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<br>St Ives Liberal Democrats<br> |