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 converting cooking oil into biodiesel presently gain 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 consulting with the UK sustainable biodiesel alliance.

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

He included: "In order to be able to get this sort of industry going it does need just a bit of lift which is available in the form of tax foregone."

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

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