MP backs biodiesel tax break campaign

29 June 2011

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

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 meeting with the UK sustainable biodiesel alliance.

Mr George stated "a variety of little companies in Cornwall currently make cash from utilized cooking oil".

He added: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which comes in the kind of tax foregone."

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

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