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 transforming cooking oil into biodiesel presently gain from a 20p differential but that is due to end next April.

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

Mr George said "a number of small companies in Cornwall currently earn money from utilized cooking oil".

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

Biodiesel is a mix of traditional diesel, and vegetable oils.

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