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 converting cooking oil into biodiesel currently 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 meeting the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently make money from utilized cooking oil".
He added: "In order to be able to get this kind of industry going it does need just a little bit of lift which can be found in the kind of tax inescapable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
Fuel from pasties to power vehicles
13 May 2011
Old chip fat powers Place ferry
15 June 2010
St Ives Liberal Democrats
