MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently 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 been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".
He included: "In order to be able to get this kind of industry going it does require just a little bit of lift which can be found in the type of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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