1 MP Backs Biodiesel Tax Break Campaign
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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 with the UK sustainable biodiesel alliance.

Mr George stated "a number of small services in Cornwall currently make cash from utilized cooking oil".

He added: "In order to have the ability to get this sort of industry going it does require simply a little bit of lift which is available in the form of tax foregone."

Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.

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