MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently 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 consulting with the UK sustainable biodiesel alliance.

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

He included: "In order to be able to get this kind of market going it does need simply a little bit of lift which comes in the form of tax inevitable."

Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.

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