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<br>MP backs [biodiesel tax](https://stocktwits.com/symbol/MNEL) break campaign<br>
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<br>29 June 2011<br>
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<br> [MP Andrew](https://forest500.org/rankings/companies/mission-newenergy-limited) George is backing a [project](https://stocktwits.com/symbol/MNEL) to keep [tax breaks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for companies who produce [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
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<br>[Producers transforming](https://www.crunchbase.com/organization/mission-newenergy) [cooking](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) oil into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently [benefit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from a 20p [differential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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.crunchbase.com/organization/mission-newenergy) Team, has been [satisfying](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with 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.businessnews.com.au/Company/Mission-NewEnergy) [alliance](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
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<br>Mr [George stated](https://www.pinterest.com.au/missionnewenergy/) "a number of little companies in Cornwall currently generate income from used cooking oil".<br>
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<br>He included: "In order to be able to get this type of market going it does need simply a little bit of lift which comes in the type of tax inevitable."<br>
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<br>[Biodiesel](https://stocktwits.com/symbol/MNEL) is a mix of [standard](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) diesel, rapeseed and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
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<br>Fuel from pasties 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 ferryboat<br>
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<br>15 June 2010<br>
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<br>St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats<br>
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