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<br>MP backs [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [tax break](https://www.pinterest.com.au/missionnewenergy/) campaign<br> |
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<br>29 June 2011<br> |
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<br>[Liberal](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Democrat MP Andrew George is backing a [campaign](https://forest500.org/rankings/companies/mission-newenergy-limited) to keep tax breaks for [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) who .<br> |
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<br>[Producers transforming](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil into [biodiesel](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) [presently benefit](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from a 20p [differential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) but that is due to end next April.<br> |
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<br>The St Ives MP, who leads the Lib Dem Environment Team, has been [consulting](https://pitchbook.com/profiles/company/51278-86) with the [UK sustainable](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [alliance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br> |
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<br>Mr [George stated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) "a variety of small services in Cornwall currently make cash from utilized cooking oil".<br> |
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<br>He added: "In order to be able to get this sort of industry going it does require just a little bit of lift which can be found in the kind of tax inescapable."<br> |
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<br>[Biodiesel](https://www.crunchbase.com/organization/mission-newenergy) is a blend of [conventional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://www.pinterest.com.au/missionnewenergy/) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<br>Fuel from [pasties](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to power cars<br> |
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<br>13 May 2011<br> |
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<br>Old [chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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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