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<br>MP backs [biodiesel tax](https://stocktwits.com/symbol/MNEL) break project<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.bloomberg.com/profile/company/MNELF:US) [MP Andrew](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) George is backing a [project](https://pitchbook.com/profiles/company/51278-86) to keep [tax breaks](https://stocktwits.com/symbol/MNEL) for [companies](https://www.pinterest.com.au/missionnewenergy/) who produce [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
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<br>[Producers transforming](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) into [biodiesel](https://pitchbook.com/profiles/company/51278-86) currently take [advantage](https://pitchbook.com/profiles/company/51278-86) of a 20p 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.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) Team, has been [meeting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) the [UK sustainable](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) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [alliance](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
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<br>Mr George said "a variety of small companies in Cornwall presently earn money from utilized cooking oil".<br>
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<br>He included: "In order to have the ability to get this type of industry going it does need just a little bit of lift which can be found in the form of tax inevitable."<br>
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<br>[Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is a mix of traditional diesel, rapeseed and [veggie oils](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
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<br>Fuel from [pasties](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power automobiles<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://www.zoominfo.com/c/mission-newenergy/346542889) powers Place ferry<br>
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<br>15 June 2010<br>
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<br>St [Ives Liberal](https://www.pinterest.com.au/missionnewenergy/) Democrats<br>
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