Add MP Backs Biodiesel Tax Break Campaign
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<br>MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) project<br>
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<br>29 June 2011<br>
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<br>[Liberal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Democrat MP](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Andrew George](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) is backing a [campaign](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to keep [tax breaks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for business who produce [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
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<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [cooking](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) currently take [advantage](https://www.pinterest.com.au/missionnewenergy/) of a 20p but that is due to end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has been [meeting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with the [UK sustainable](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel alliance](https://pitchbook.com/profiles/company/51278-86).<br>
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<br>Mr George said "a number of little companies in Cornwall currently generate income from utilized cooking oil".<br>
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<br>He included: "In order to have the ability to get this sort of market going it does require just a bit of lift which can be found in the form of tax inevitable."<br>
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<br>[Biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is a blend of [standard](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://www.bloomberg.com/profile/company/MNELF:US) and [veggie oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
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<br>Fuel from [pasties](https://stocktwits.com/symbol/MNEL) to power vehicles<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](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Democrats<br>
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