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MP backs [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [tax break](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) project
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29 June 2011
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[Liberal Democrat](https://pitchbook.com/profiles/company/51278-86) MP Andrew George is backing a [campaign](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to keep [tax breaks](https://pitchbook.com/profiles/company/51278-86) for [business](https://stocktwits.com/symbol/MNEL) who [produce](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).
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[Producers transforming](https://stocktwits.com/symbol/MNEL) [cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into gain from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) but that is due to end next April.
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The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the [UK sustainable](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [alliance](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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Mr George said "a number of small companies in Cornwall presently earn money from utilized cooking oil".
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He included: "In order to be able to get this kind of industry going it does require just a little bit of lift which is available in the form of tax foregone."
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[Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is a blend of [conventional](https://www.pinterest.com.au/missionnewenergy/) diesel, [rapeseed](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) and [vegetable oils](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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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 automobiles
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13 May 2011
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Old [chip fat](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) powers Place ferry
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15 June 2010
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St [Ives Liberal](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Democrats
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