MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently benefit from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been fulfilling with the UK sustainable .
Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".
He included: "In order to be able to get this type of market going it does need just a bit of lift which is available in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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Steven Leahy edited this page 2025-01-12 11:57:15 +08:00