MP backs biodiesel tax break project

29 June 2011

Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.

Producers transforming 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 consulting with the UK sustainable biodiesel alliance.

Mr George said "a number of little organizations in Cornwall currently make money from used cooking oil".

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

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

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