MP backs biodiesel tax break project

29 June 2011

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

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

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

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

He added: "In order to be able to get this kind of industry going it does require simply a bit of lift which comes in the kind of tax inescapable."

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

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