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 currently 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 actually been consulting with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which comes in the type of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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