MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a project 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 meeting the UK sustainable biodiesel alliance.

Mr George said "a number of little businesses in Cornwall currently earn money from used cooking oil".

He added: "In order to have the ability to get this type of industry going it does need just a little bit of lift which comes in the form of tax inescapable."

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

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