MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel currently benefit 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 with the biodiesel alliance.

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

He included: "In order to be able to get this type of market going it does require just a little bit of lift which is available in the type of tax inescapable."

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

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