MP backs biodiesel tax break project

29 June 2011

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

Producers transforming 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 UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently make cash from used cooking oil".

He included: "In order to be able to get this sort of industry going it does require simply a bit of lift which is available in the form of tax inevitable."

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

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