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 currently take advantage of a 20p however 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 generate income from utilized cooking oil".

He added: "In order to be able to get this sort of industry going it does need just a 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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