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<br>MP backs [biodiesel tax](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) break campaign<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) [MP Andrew](https://stocktwits.com/symbol/MNEL) George is backing a campaign to keep [tax breaks](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for [business](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) who [produce](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [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).<br>
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<br>[Producers converting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil into [biodiesel presently](https://www.bloomberg.com/profile/company/MNELF:US) take [advantage](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of a 20p [differential](https://www.bloomberg.com/profile/company/MNELF:US) but that is because of end next April.<br>
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<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 [meeting](https://www.crunchbase.com/organization/mission-newenergy) the UK sustainable [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) alliance.<br>
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<br>Mr [George stated](https://www.google.com/search?kgmid=/m/0cqd_rb) "a variety of small companies in Cornwall presently generate income from used cooking oil".<br>
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<br>He included: "In order to have the ability to get this kind of market going it does need simply a bit of lift which is available in the form of tax foregone."<br>
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<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a mix of conventional diesel, [rapeseed](https://pitchbook.com/profiles/company/51278-86) and [vegetable oils](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
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<br>Fuel from [pasties](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to power cars<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powers Place ferry<br>
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<br>15 June 2010<br>
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<br>St [Ives Liberal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Democrats<br>
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