MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel currently benefit from a 20p differential but that is because of end next April.

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

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

He added: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which is available in the kind of tax inescapable."

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

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