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 transforming cooking oil into biodiesel currently 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 variety of small companies in Cornwall currently make cash from utilized cooking oil".

He included: "In order to have the ability to get this kind of market going it does need simply a little bit of lift which is available in the form of tax foregone."

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

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