MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is due to 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 earn money from utilized cooking oil".

He added: "In order to have the ability to get this type of market going it does need just a bit of lift which is available in the type of tax inescapable."

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

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St Ives Liberal Democrats