MP backs biodiesel tax break campaign

29 June 2011

Liberal Democrat 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 been consulting with the UK sustainable biodiesel alliance.

Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".

He added: "In order to have the ability to get this sort of industry going it does require just a little bit of lift which is available in the form of tax foregone."

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

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