MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently 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 meeting with the UK sustainable biodiesel alliance.

Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".

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

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

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