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MP backs [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [tax break](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) campaign
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29 June 2011
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Liberal [Democrat MP](https://www.zoominfo.com/c/mission-newenergy/346542889) Andrew George is backing a project to keep tax breaks for [business](https://www.google.com/search?kgmid=/m/0cqd_rb) who produce [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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[Producers converting](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [cooking oil](https://www.bloomberg.com/profile/company/MNELF:US) into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [presently](https://forest500.org/rankings/companies/mission-newenergy-limited) take [advantage](https://stocktwits.com/symbol/MNEL) of a 20p [differential](https://www.crunchbase.com/organization/mission-newenergy) however 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](https://www.google.com/search?kgmid=/m/0cqd_rb) with the [UK sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.pinterest.com.au/missionnewenergy/) [alliance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".
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He added: "In order to have the ability to get this kind of industry going it does need just a little bit of lift which can be found in the type of tax inevitable."
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[Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is a mix of [conventional](https://forest500.org/rankings/companies/mission-newenergy-limited) diesel, [rapeseed](https://forest500.org/rankings/companies/mission-newenergy-limited) and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Fuel from to power automobiles
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13 May 2011
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Old [chip fat](https://www.businessnews.com.au/Company/Mission-NewEnergy) powers Place ferryboat
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15 June 2010
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St [Ives Liberal](https://pitchbook.com/profiles/company/51278-86) Democrats
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