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.

transforming cooking oil into biodiesel currently 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 consulting with the UK sustainable biodiesel alliance.

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

He added: "In order to be able to get this type of market going it does need just a little bit of lift which can be found in the form of tax foregone."

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

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