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<br>MP backs [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [tax break](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) campaign<br>
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<br>29 June 2011<br>
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<br>[Liberal Democrat](https://www.pinterest.com.au/missionnewenergy/) [MP Andrew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) George is backing a [project](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to keep [tax breaks](https://www.pinterest.com.au/missionnewenergy/) for [companies](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) who produce [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
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<br>[Producers converting](https://www.google.com/search?kgmid=/m/0cqd_rb) [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) currently benefit from a 20p differential however that is because of end next April.<br>
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<br>The St Ives MP, who leads the Lib Dem [Environment](https://www.google.com/search?kgmid=/m/0cqd_rb) Team, has been meeting the [UK sustainable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) alliance.<br>
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<br>Mr George stated "a number of small companies in Cornwall currently earn money from utilized cooking oil".<br>
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<br>He added: "In order to have the ability to get this kind of market going it does require simply a little bit of lift which comes in the form of tax inescapable."<br>
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<br>[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) is a blend of [standard](https://www.bloomberg.com/profile/company/MNELF:US) diesel, [rapeseed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [veggie oils](https://www.crunchbase.com/organization/mission-newenergy).<br>
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<br>Fuel from [pasties](https://www.crunchbase.com/organization/mission-newenergy) to [power cars](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and trucks<br>
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<br>13 May 2011<br>
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<br>Old [chip fat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) powers Place ferryboat<br>
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<br>15 June 2010<br>
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<br>St Democrats<br>
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