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Update 'MP Backs Biodiesel Tax Break Campaign'

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Donte Ahmad 6 months ago
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      MP-Backs-Biodiesel-Tax-Break-Campaign.md

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MP-Backs-Biodiesel-Tax-Break-Campaign.md
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<br>MP backs [biodiesel tax](https://stocktwits.com/symbol/MNEL) break project<br>
<br>MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [tax break](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](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) [MP Andrew](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) George is backing a [project](https://pitchbook.com/profiles/company/51278-86) to keep [tax breaks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for [companies](https://pitchbook.com/profiles/company/51278-86) who [produce biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Producers converting](https://www.bloomberg.com/profile/company/MNELF:US) [cooking oil](https://www.zoominfo.com/c/mission-newenergy/346542889) into gain from a 20p [differential](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) however that is due to 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 actually been [meeting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the [UK sustainable](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [alliance](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Mr [George stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) "a variety of small companies in Cornwall currently make cash from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which can be found in the type of tax inescapable."<br>
<br>[Biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) is a mix of [traditional](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) diesel, rapeseed and [vegetable oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](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) to power cars<br>
<br>[Liberal](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [Democrat](https://forest500.org/rankings/companies/mission-newenergy-limited) [MP Andrew](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) George is backing a project to keep tax breaks for [companies](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) who produce [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>[Producers](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [transforming cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) currently gain from a 20p but that is because of end next April.<br>
<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 [consulting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with the [UK sustainable](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [alliance](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Mr George said "a number of small companies in Cornwall presently make money from utilized cooking oil".<br>
<br>He included: "In order to have the ability to get this type of industry going it does need just a little bit of lift which comes in the form of tax foregone."<br>
<br>[Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is a blend of [traditional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and [vegetable oils](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Fuel from pasties to power cars<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://stocktwits.com/symbol/MNEL) powers Place ferryboat<br>
<br>Old [chip fat](https://www.bloomberg.com/profile/company/MNELF:US) powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>
<br>St [Ives Liberal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Democrats<br>
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