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 transforming cooking oil into biodiesel presently gain from a 20p differential however that is because of end next April.

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

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

He added: "In order to be able to get this sort 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 traditional diesel, rapeseed and vegetable oils.

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