Robert Friedland Mongolia + China's bio-diesel exeIt is well known that Canadian laws do not allow the same “voicing” as Chinese Reverse Mergers which bodes well for Maple Leaf
Moving forward this will move on real news and no longer blanket promises like MOU
Aside from financing here will be the catalysts
1. China exempted consumption taxes on pure bio-diesel China exempted consumption taxes on pure bio-diesel made from waste animal fats or vegetable oils, according to the Ministry of Finance (MOF) and the State Administration of Taxation.
The new policy is effective from Jan. 1, 2009 and taxes already paid will be refunded, the MOF said in an announcement on its website Friday.
The move is aimed at boosting the renewable resources sector, easing demand for petroleum and protecting the ecological environment, the announcement said.
The move is expected to save bio-diesel producers about 900 yuan (135.14 U.S. dollars) per tonne.
It is expected to make the bio-diesel producers more competitive in the fuel sector and guard against waste edible oils being reused for human consumption so to ensure food safety, the announcement said.
2. Maple Leaf and Biodis MOU expires December 31, 2010.
3. Robert Friedland will continue to put Mongolia on the investment map which leaves US and China which just changed it tax structure to exempt
lOOk at tick GU in the US to see how the Chinese exemption has just changed their share price to the upside