MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel currently benefit 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 little businesses in Cornwall currently earn money from used cooking oil".

He included: "In order to be able to get this sort of market going it does need just a little bit of lift which is available in the kind of tax inevitable."

Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.

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