MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.

Mr George said "a variety of little businesses in Cornwall presently make money from utilized cooking oil".

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

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

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