MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently gain from 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 said "a number of small companies in Cornwall presently earn money from used cooking oil".

He included: "In order to have the ability to get this type of market going it does require just a bit of lift which can be found in the kind of tax inescapable."

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

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