MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently gain from a 20p differential however that is because of end next April.

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

Mr George said “a variety of little organizations in Cornwall presently make money from used cooking oil”.

He included: “In order to have the ability to get this type of market going it does require simply a little bit of lift which can be found in the form of tax foregone.“

Biodiesel is a blend of standard diesel, rapeseed and veggie oils.

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