Mission NewEnergy Ltd
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Founded Date September 25, 1995
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Sectors Telecommunications
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Posted Jobs 0
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Company Description
MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.
Mr George stated “a number of small companies in Cornwall presently generate income from used cooking oil”.
He included: “In order to be able to get this kind of industry going it does need simply a bit of lift which can be found in the type of tax inescapable.”
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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