MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel presently take advantage of 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 with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this type of market going it does require just a bit of lift which can be found in the type of tax inevitable."

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

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