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 differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently earn money from utilized cooking oil".
He added: "In order to be able to get this kind of industry going it does need simply a bit of lift which comes in the kind of tax inescapable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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