MP backs biodiesel tax break project

29 June 2011

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

Producers converting 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 actually been meeting the biodiesel alliance.

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

He included: "In order to be able to get this kind of industry going it does need simply a little bit of lift which can be found in the form of tax inevitable."

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

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