Update 'MP Backs Biodiesel Tax Break Campaign'

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<br>MP backs [biodiesel tax](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) break project<br>
<br>29 June 2011<br>
<br>[Liberal Democrat](https://www.zoominfo.com/c/mission-newenergy/346542889) [MP Andrew](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) George is backing a [campaign](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to keep [tax breaks](https://www.businessnews.com.au/Company/Mission-NewEnergy) for companies who [produce](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [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).<br>
<br>[Producers converting](https://forest500.org/rankings/companies/mission-newenergy-limited) [cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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](https://www.zoominfo.com/c/mission-newenergy/346542889) take [advantage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of a 20p [differential](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) but that is due to end next April.<br>
<br>The St Ives MP, who leads the Lib Dem Environment Team, has actually been with the [UK sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [alliance](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Mr George said "a number of small services in Cornwall presently earn money from used cooking oil".<br>
<br>He added: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which comes in the kind of tax foregone."<br>
<br>[Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a mix of [conventional](https://www.google.com/search?kgmid=/m/0cqd_rb) diesel, [rapeseed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [vegetable oils](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Fuel from pasties to power automobiles<br>
<br>13 May 2011<br>
<br>Old chip fat powers Place ferryboat<br>
<br>15 June 2010<br>
<br>St [Ives Liberal](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Democrats<br>
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