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 transforming cooking oil into 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 been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall presently make money from used cooking oil".
He added: "In order to have the ability to get this sort of market going it does need just a little bit of lift which can be found in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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Gary Henderson edited this page 2025-01-11 16:53:14 +01:00