Add 'MP Backs Biodiesel Tax Break Campaign'
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<br>MP backs [biodiesel tax](https://www.bloomberg.com/profile/company/MNELF:US) break project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep [tax breaks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) who [produce](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
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<br>[Producers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [transforming cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [presently gain](https://stocktwits.com/symbol/MNEL) from a 20p [differential](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) however that is due to end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has actually been [consulting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with the [UK sustainable](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel alliance](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
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<br>Mr George said "a variety of small businesses in Cornwall presently make cash from used cooking oil".<br>
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<br>He included: "In order to have the ability to get this sort of industry going it does need just a little bit of lift which can be found in the type of tax inescapable."<br>
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<br>[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) is a blend of conventional diesel, rapeseed and [vegetable oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
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<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to power cars<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](https://pitchbook.com/profiles/company/51278-86) Democrats<br>
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