MP backs biodiesel tax break project

29 June 2011

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

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

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

He included: "In order to be able to get this type of industry going it does need simply a bit of lift which is available in the form of tax inescapable."

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

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