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 consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little businesses in Cornwall presently make money from utilized cooking oil".
He added: "In order to be able to get this kind of market going it does require just a bit of lift which can be found in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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