MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.

Producers converting cooking oil into biodiesel presently 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 meeting the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently generate income from utilized cooking oil".

He included: "In order to have the ability to get this type of industry going it does require just a bit of lift which can be found in the kind of tax foregone."

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

Fuel from pasties to power cars and trucks

13 May 2011

Old chip fat powers Place ferry

15 June 2010

St Ives Liberal Democrats