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 Team, has actually been fulfilling with the UK sustainable biodiesel alliance.

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

He added: "In order to be able to get this sort of industry going it does need just a bit of lift which comes in the kind of tax foregone."

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

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