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 currently take advantage of a 20p differential but 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 said "a number of small companies in Cornwall presently generate income from used cooking oil".

He included: "In order to be able to get this sort of industry going it does need just a bit of lift which is available in the type of tax foregone."

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

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