MP backs biodiesel tax break project

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 benefit from a 20p differential but that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been with the UK sustainable biodiesel alliance.

Mr George stated "a variety of small companies in Cornwall currently earn money from used cooking oil".

He added: "In order to be able to get this kind of industry going it does require simply a bit of lift which comes in the kind of tax inevitable."

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

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