MP backs biodiesel tax break project

29 June 2011

Liberal Democrat 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 however that is due to end next April.

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

Mr George said “a number of little organizations in Cornwall currently make cash from used cooking oil”.

He included: “In order to have the ability to get this type of industry going it does need just a little bit of lift which can be found in the type of tax foregone.”

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

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