MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.

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

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

He included: "In order to be able to get this kind of market going it does need simply a bit of lift which is available in the form of tax inevitable."

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

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