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 transforming cooking oil into biodiesel presently gain from a 20p differential but that is because of end next April.

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

Mr George stated "a number of small companies in Cornwall currently generate income from utilized cooking oil".

He added: "In order to be able to get this sort of market going it does require just a bit of lift which can be found in the type of tax foregone."

Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.

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