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 converting cooking oil into biodiesel presently take advantage of a 20p but that is because of end next April.

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

Mr George stated “a number of small companies in Cornwall presently make money from used cooking oil”.

He added: “In order to have the ability to get this sort of market going it does need simply a bit of lift which can be found in the type of tax foregone.”

Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.

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