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<br>MP backs [biodiesel tax](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) break project<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://www.energy-xprt.com/companies/mission-newenergy-limited-36048) George is backing a [project](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to keep [tax breaks](https://www.google.com/search?kgmid=/m/0cqd_rb) for business who produce [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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [converting](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) presently gain from a 20p [differential](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) however 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Team, has actually been [consulting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [alliance](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br> |
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<br>Mr George said "a number of small companies in Cornwall currently earn money from used cooking oil".<br> |
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<br>He added: "In order to have the ability to get this kind of market going it does need just a little bit of lift which comes in the type of tax inescapable."<br> |
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<br>[Biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) is a mix of [standard](https://www.zoominfo.com/c/mission-newenergy/346542889) diesel, [rapeseed](https://www.google.com/search?kgmid=/m/0cqd_rb) and [vegetable oils](https://www.google.com/search?kgmid=/m/0cqd_rb).<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.pinterest.com.au/missionnewenergy/) powers Place ferry<br> |
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<br>15 June 2010<br> |
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<br>St Ives Liberal Democrats<br> |
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