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 oil into biodiesel currently benefit from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George said "a number 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 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 standard diesel, rapeseed and vegetable oils.
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Chas Mudie edited this page 2025-01-18 04:47:38 +08:00