MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently benefit 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 meeting with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this type of industry going it does require just a little bit of lift which is available in the kind of tax inevitable."

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

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