MP backs break project

29 June 2011

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

Producers converting cooking oil into biodiesel currently benefit from a 20p differential but that is because of end next April.

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

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

He added: "In order to have the ability to get this kind of industry going it does need just a little bit of lift which can be found in the type of tax inevitable."

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

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