Add MP Backs Biodiesel Tax Break Campaign

master
Iva Cribbs 2025-01-11 21:57:17 +08:00
commit 418ee5f0b6
1 changed files with 13 additions and 0 deletions

@ -0,0 +1,13 @@
<br>MP backs [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [tax break](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) project<br>
<br>29 June 2011<br>
<br>Liberal [Democrat MP](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Andrew George is backing a campaign to keep [tax breaks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for [companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) who produce [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>[Producers converting](https://stocktwits.com/symbol/MNEL) [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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) currently 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://pitchbook.com/profiles/company/51278-86) however that is because of end next April.<br>
<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Team, has actually been [consulting](https://www.crunchbase.com/organization/mission-newenergy) with the [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [alliance](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Mr George said "a number of small companies in Cornwall presently earn money from used cooking oil".<br>
<br>He included: "In order to have the ability to get this type of industry going it does need just a bit of lift which is available in the form 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://stocktwits.com/symbol/MNEL) diesel, [rapeseed](https://stocktwits.com/symbol/MNEL) and [veggie oils](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Fuel from [pasties](https://www.businessnews.com.au/Company/Mission-NewEnergy) to power automobiles<br>
<br>13 May 2011<br>
<br>Old [chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) powers Place ferry<br>
<br>15 June 2010<br>
<br>St Ives Liberal Democrats<br>