|
|
|
@ -0,0 +1,13 @@ |
|
|
|
<br>MP backs [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [tax break](https://www.google.com/search?kgmid=/m/0cqd_rb) project<br> |
|
|
|
<br>29 June 2011<br> |
|
|
|
<br>[Liberal Democrat](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [MP Andrew](https://www.google.com/search?kgmid=/m/0cqd_rb) George is backing a [project](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) to keep [tax breaks](https://www.bloomberg.com/profile/company/MNELF:US) for [companies](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) who produce [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br> |
|
|
|
<br>Producers transforming [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) currently take advantage of 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> |
|
|
|
<br>The St Ives MP, who leads the Lib Dem Team, has been consulting with the [UK sustainable](https://pitchbook.com/profiles/company/51278-86) [biodiesel alliance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br> |
|
|
|
<br>Mr George said "a variety of small companies in Cornwall currently generate income from used cooking oil".<br> |
|
|
|
<br>He added: "In order to be able to get this kind of industry going it does require just a bit of lift which comes in the type of tax inevitable."<br> |
|
|
|
<br>[Biodiesel](https://www.crunchbase.com/organization/mission-newenergy) is a mix of [conventional](https://pitchbook.com/profiles/company/51278-86) diesel, [rapeseed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [veggie oils](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br> |
|
|
|
<br>Fuel from [pasties](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to [power cars](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and trucks<br> |
|
|
|
<br>13 May 2011<br> |
|
|
|
<br>Old [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) powers Place ferryboat<br> |
|
|
|
<br>15 June 2010<br> |
|
|
|
<br>St [Ives Liberal](https://www.zoominfo.com/c/mission-newenergy/346542889) Democrats<br> |
