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 Environment Team, has been consulting with the UK sustainable biodiesel .

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

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

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

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