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<br>MP backs [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [tax break](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) campaign<br> |
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<br>29 June 2011<br> |
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<br>Liberal Democrat MP Andrew George is backing a campaign to keep [tax breaks](https://www.businessnews.com.au/Company/Mission-NewEnergy) for [business](https://pitchbook.com/profiles/company/51278-86) who [produce](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [converting cooking](https://www.pinterest.com.au/missionnewenergy/) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) currently benefit from a 20p [differential](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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.zoominfo.com/c/mission-newenergy/346542889) Team, has actually been [meeting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) .<br> |
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<br>Mr [George stated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "a variety of small companies in Cornwall presently earn money from utilized cooking oil".<br> |
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<br>He added: "In order to have the ability to get this type of market going it does require just a bit of lift which comes in the kind of tax inescapable."<br> |
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<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a blend of [standard](https://www.pinterest.com.au/missionnewenergy/) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [vegetable oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br>Fuel from pasties to [power cars](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and trucks<br> |
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<br>13 May 2011<br> |
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<br>Old chip [fat powers](https://pitchbook.com/profiles/company/51278-86) Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St [Ives Liberal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Democrats<br> |
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