MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential but that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.

Mr George said “a variety of small companies in Cornwall presently earn money from utilized cooking oil”.

He added: “In order to have the ability to get this kind of market going it does need simply a bit of lift which comes in the kind of tax foregone.”

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

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