MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently gain from a 20p differential but that is due to end next April.

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

Mr George said "a number of little companies in Cornwall presently generate income from used cooking oil".

He included: "In order to have the ability to get this sort of market going it does require simply a bit of lift which is available in the form of tax inescapable."

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

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