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 currently 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 actually been meeting the UK sustainable .

Mr George said "a variety of small companies in Cornwall presently make money from utilized cooking oil".

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

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

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