MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently benefit from 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 biodiesel alliance.

Mr George stated "a variety of small companies in Cornwall currently generate income from utilized cooking oil".

He added: "In order to be able to get this sort of industry going it does need simply a bit of lift which is available in the kind of tax inescapable."

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

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