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 currently benefit 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 meeting the UK sustainable biodiesel alliance.

Mr George said "a number of small companies in Cornwall presently earn money from utilized cooking oil".

He added: "In order to have the ability to get this type of industry going it does need just a bit of lift which comes in the type of tax inescapable."

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

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