MP backs 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 biodiesel presently benefit from a 20p differential but that is because of end next April.

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

Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".

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

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

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