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 because of end next April.

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

Mr George said “a number of small organizations in Cornwall currently make money from utilized cooking oil”.

He included: “In order to have the ability to get this kind of industry going it does require simply a bit of lift which comes in the type of tax inevitable.”

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

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