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 converting cooking oil into biodiesel presently take advantage of a 20p 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 stated "a variety of small companies in Cornwall presently generate income from utilized cooking oil".

He included: "In order to have the ability to get this kind of industry going it does need just a bit of lift which comes in the kind of tax inevitable."

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

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