MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew 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 however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.

Mr George said "a variety of little businesses in Cornwall presently generate income from utilized cooking oil".

He added: "In order to be able to get this kind of market going it does need simply a little bit of lift which is available in the form of tax foregone."

Biodiesel is a blend of standard diesel, rapeseed and .

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