MP backs biodiesel tax break campaign

29 June 2011

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

Producers oil into biodiesel presently benefit from a 20p differential however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this sort of industry going it does require simply a little bit of lift which is available in the type of tax inevitable."

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

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