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MP backs [biodiesel tax](https://stocktwits.com/symbol/MNEL) break project
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29 June 2011
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[Liberal Democrat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [MP Andrew](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) George is backing a [project](https://www.bloomberg.com/profile/company/MNELF:US) to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) who [produce](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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[Producers](https://www.businessnews.com.au/Company/Mission-NewEnergy) [transforming cooking](https://www.crunchbase.com/organization/mission-newenergy) oil into [biodiesel presently](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) take [advantage](https://pitchbook.com/profiles/company/51278-86) of a 20p [differential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) however that is due to end next April.
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The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel alliance](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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Mr George stated "a variety of small companies in Cornwall presently earn money from used cooking oil".
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He added: "In order to have the ability to get this type of market going it does require simply a little bit of lift which can be found in the form of tax inevitable."
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[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is a blend of [standard](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [veggie oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Fuel from [pasties](https://pitchbook.com/profiles/company/51278-86) to [power cars](https://www.pinterest.com.au/missionnewenergy/) and trucks
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13 May 2011
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Old powers Place ferry
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15 June 2010
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St Ives Liberal Democrats
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