MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently 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 with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this sort of market going it does need just a little bit of lift which comes in the kind of tax foregone."

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

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