MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.

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

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

He added: "In order to have the ability to get this kind of industry going it does need just a little bit of lift which is available in the type of tax inescapable."

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

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