
Mission NewEnergy Limited
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Founded Date October 18, 1946
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Company Description
MP Backs Biodiesel Tax Break Campaign
MP backs break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated “a number of little companies in Cornwall currently earn money from used cooking oil”.
He included: “In order to have the ability to get this type of market going it does need just a bit of lift which can be found in the type of tax foregone.”
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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St Ives Liberal Democrats