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 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 actually been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently generate income from used cooking oil".
He added: "In order to have the ability to get this sort of industry going it does need just a little bit of lift which can be found in the type of tax inevitable."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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