MP backs biodiesel tax break project

29 June 2011

Liberal Democrat 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 been consulting with the UK sustainable biodiesel alliance.

Mr George stated "a number of small services in Cornwall presently generate income from utilized cooking oil".

He included: "In order to be able to get this sort of market going it does need simply a little bit of lift which comes in the type of tax inescapable."

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

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