MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies 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 actually been fulfilling with the UK sustainable biodiesel alliance.

Mr George said "a number of small companies in Cornwall presently make money from used cooking oil".

He added: "In order to have the ability to get this kind of market going it does need simply a little bit of lift which comes in the kind of tax inescapable."

is a blend of traditional diesel, rapeseed and veggie oils.

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