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 currently 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 been meeting the UK sustainable biodiesel alliance.

Mr George said "a number of little services in Cornwall presently make money from used cooking oil".

He added: "In order to be able to get this sort of industry going it does need just a little bit of lift which comes in the form of tax foregone."

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

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