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 transforming cooking oil into biodiesel presently benefit from 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 with the UK sustainable biodiesel alliance.

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

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

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

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