Mission Biofuels India Private Ltd

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MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break campaign

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 currently gain from a 20p but 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 number of small businesses in Cornwall currently earn money from used cooking oil”.

He included: “In order to have the ability to get this type of industry going it does need simply a bit of lift which is available in the type of tax foregone.”

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

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