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MP backs [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [tax break](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) project
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29 June 2011
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[Liberal Democrat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [MP Andrew](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) George is backing a [project](https://www.crunchbase.com/organization/mission-newenergy) to keep tax breaks for who [produce](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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[Producers](https://forest500.org/rankings/companies/mission-newenergy-limited) [converting cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [presently benefit](https://stocktwits.com/symbol/MNEL) from a 20p [differential](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 [consulting](https://pitchbook.com/profiles/company/51278-86) with the UK sustainable [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) alliance.
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Mr George stated "a variety of small services in Cornwall presently make cash from used cooking oil".
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He included: "In order to have the ability to get this kind of market going it does require simply a bit of lift which comes in the form of tax foregone."
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[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is a mix of [conventional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) diesel, [rapeseed](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [vegetable oils](https://www.bloomberg.com/profile/company/MNELF:US).
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Fuel from [pasties](https://www.bloomberg.com/profile/company/MNELF:US) to power cars
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13 May 2011
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Old [chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) powers Place ferryboat
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15 June 2010
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St [Ives Liberal](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Democrats
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