MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small organizations in Cornwall presently make cash from utilized cooking oil".
He added: "In order to have the ability to get this kind of market going it does require simply a little bit of lift which can be found in the kind of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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