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 benefit 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 with the UK sustainable biodiesel alliance.

Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".

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

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

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