MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently take advantage of a 20p but that is due to 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 said "a number of small companies in Cornwall presently make cash from used cooking oil".

He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which can be found in the type of tax inevitable."

Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.

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