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 benefit from a 20p differential however that is because of end next April.

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

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

He included: "In order to be able to get this kind of industry going it does require just a bit of lift which is available in the form of tax inescapable."

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

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