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 transforming cooking oil into biodiesel presently from a 20p differential however that is due to 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 said “a variety of small services in Cornwall presently earn money from utilized cooking oil”.

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

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

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