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 take advantage of 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 number of little organizations in Cornwall currently make money from used cooking oil".
He included: "In order to be able to get this sort of industry going it does need just a little bit of lift which is available in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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