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 presently gain 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 stated "a variety of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to be able to get this type of market going it does need just a little bit of lift which is available in the kind of tax inevitable."
Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.
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