MP Backs Biodiesel Tax Break Campaign

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MP backs biodiesel tax break project


29 June 2011


Liberal Democrat MP is backing a project to keep tax breaks for business who produce biodiesel.


Producers converting cooking oil into biodiesel presently take advantage of 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 utilized cooking oil".


He added: "In order to have the ability to get this sort of market going it does require just a little bit of lift which comes in the kind of tax foregone."


Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.


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