MP backs 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 benefit from a 20p differential 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 said "a variety of little services in Cornwall presently make cash from utilized cooking oil".

He added: "In order to have the ability to get this kind of industry going it does require simply a little bit of lift which is available in the kind of tax inescapable."

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

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