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 transforming cooking oil into biodiesel presently benefit from a 20p differential however 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 stated "a variety of small companies in Cornwall presently make money from utilized cooking oil".

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

is a mix of standard diesel, rapeseed and vegetable oils.

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