MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently gain from a 20p differential however that is due to 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 variety of small companies in Cornwall currently generate income from used cooking oil".

He included: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which is available in the type of tax foregone."

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

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