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 take advantage of a 20p but that is because of end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.

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

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

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

Fuel from pasties to power vehicles

13 May 2011

Old chip fat powers Place ferry

15 June 2010

St Ives Liberal Democrats