MP backs biodiesel tax break project

29 June 2011

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

Producers converting 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 been meeting the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently earn money from utilized cooking oil".

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

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

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