Agro Diesel (India) Private Ltd

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MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel currently benefit from a 20p differential but that is due to 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 little organizations in Cornwall presently earn money from utilized cooking oil”.

He added: “In order to have the ability to get this sort of market going it does require simply a little bit of lift which comes in the kind of tax inevitable.”

Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.

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