MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel 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 alliance.

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

He added: "In order to be able to get this sort of market going it does require just a bit of lift which can be found in the type of tax foregone."

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

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