MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently 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 been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little companies in Cornwall presently generate income from used cooking oil".
He added: "In order to have the ability to get this sort of industry going it does need simply a bit of lift which comes in the type of tax inevitable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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