MP backs biodiesel tax break project
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 presently gain from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently earn money from used cooking oil".
He included: "In order to have the ability to get this type of market going it does need just a little bit of lift which comes in the type of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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