MP backs biodiesel tax break project

29 June 2011

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

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

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

He included: "In order to have the ability to get this kind of market going it does require simply a little bit of lift which is available in the form of tax inevitable."

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

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