MP backs biodiesel tax break campaign

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 currently 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 actually been meeting the UK sustainable biodiesel alliance.

Mr George said "a number of little businesses in Cornwall presently earn money from used cooking oil".

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

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

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