mission-biofuels-sdn.-bhd

Page: MP Backs Biodiesel Tax Break Campaign

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MP Backs Biodiesel Tax Break Campaign

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1 MP Backs Biodiesel Tax Break Campaign

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 converting cooking oil into biodiesel currently gain from a 20p differential however that is because of end next April.

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

Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".

He added: "In order to be able to get this kind of industry going it does require simply a bit of lift which comes in the form of tax inescapable."

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

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St Ives Liberal Democrats