MP backs biodiesel tax break project

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 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 actually been meeting the UK sustainable biodiesel alliance.

Mr George said "a number of small companies in Cornwall currently earn money from utilized cooking oil".

He included: "In order to be able to get this kind of industry going it does need just a bit of lift which is available in the form of tax inevitable."

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

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