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 currently 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 said "a number of little businesses in Cornwall presently make money from used cooking oil".
He included: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which is available in the form of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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