MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.

Producers transforming cooking oil into biodiesel presently benefit from a 20p differential however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall presently earn money from utilized cooking oil".

He included: "In order to be able to get this kind of market going it does need simply a bit of lift which comes in the form of tax inescapable."

Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.

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