MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is because of end next April.

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

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

He included: "In order to be able to get this sort of market going it does require just a little bit of lift which can be found in the form of tax inevitable."

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

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