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 transforming cooking oil into biodiesel presently gain from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently generate income from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does need just a bit of lift which is available in the form of tax foregone."
is a mix of conventional diesel, rapeseed and veggie oils.
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Raina Joseph edited this page 2025-01-11 19:36:30 +00:00