MP backs biodiesel tax break campaign

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 benefit from a 20p differential but that is because of end next April.

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

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

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

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

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