MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential however that is due to end next April.

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

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

He added: "In order to be able to get this sort of market going it does require just a bit of lift which comes in the form of tax inescapable."

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

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