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 presently gain from a 20p differential but that is due to 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 little services in Cornwall presently make money from used cooking oil".
He added: "In order to be able to get this kind of industry going it does require just a bit of lift which comes in the kind of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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