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 converting cooking oil into biodiesel presently take advantage of a 20p differential but that is due to end next April.

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

Mr George stated "a number of small companies in Cornwall presently make cash from utilized cooking oil".

He added: "In order to have the ability to get this type of industry going it does require simply a little bit of lift which can be found in the type of tax inevitable."

Biodiesel is a blend of standard diesel, and vegetable oils.

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