MP backs break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently benefit from a 20p differential however 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 said "a number of small companies in Cornwall presently make money from utilized cooking oil".

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

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

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