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Add MP Backs Biodiesel Tax Break Campaign

Mari Goggins 2025-01-09 03:27:05 +08:00
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<br>MP backs [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) tax break project<br>
<br>29 June 2011<br>
<br>Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce [biodiesel](https://www.missionnewenergy.com/).<br>
<br>Producers transforming [cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil into biodiesel currently benefit from a 20p differential but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Team, has actually been meeting with the UK sustainable [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) alliance.<br>
<br>Mr George said "a number of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this kind of market going it does require simply a little bit of lift which comes in the type of tax inevitable."<br>
<br>[Biodiesel](https://stocktwits.com/symbol/MNEL) is a blend of conventional diesel, rapeseed and [vegetable oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Fuel from pasties to power vehicles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferry<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Democrats<br>