MP backs biodiesel tax break project

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 fulfilling with the UK sustainable biodiesel alliance.

Mr George stated “a variety of small businesses in Cornwall currently make money from used cooking oil”.

He added: “In order to be able to get this kind of industry going it does require simply a little bit of lift which can be found in the kind of tax inescapable.”

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

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