MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently take advantage of a 20p differential but that is because of 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 stated "a number of small companies in Cornwall presently generate income from used cooking oil".

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

Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.

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