MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently gain 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 with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this kind of industry going it does need just a bit of lift which comes in the form of tax inescapable."

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

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