MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into currently gain from a 20p differential however that is due to 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 services 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 need simply a bit of lift which is available in the type of tax foregone."

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

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