MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently take advantage of 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 with the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently generate income from used cooking oil".

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

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

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