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 converting cooking oil into biodiesel currently benefit from a 20p differential but that is because of 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 generate income from used cooking oil".

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

Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.

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St Ives Liberal Democrats