MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a to keep tax breaks for companies who produce biodiesel.

Producers converting cooking oil into biodiesel presently gain 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 meeting the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this kind of market going it does need just a little bit of lift which can be found in the form of tax inescapable."

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

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