MP backs biodiesel tax break project

29 June 2011

MP Andrew George is backing a campaign 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 variety of small companies in Cornwall presently make cash from utilized cooking oil".

He included: "In order to have the ability to get this sort of market going it does require simply a bit of lift which is available in the form of tax inevitable."

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

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