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 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 said “a number of small companies in Cornwall presently generate income from utilized cooking oil”.

He added: “In order to be able to get this type of market going it does require just a little bit of lift which can be found in the type of tax inevitable.”

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

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