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Founded 1966
Company Description
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 converting cooking oil into biodiesel presently benefit from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated “a number of little services in Cornwall currently make cash from used cooking oil”.
He included: “In order to have the ability to get this type of industry going it does need just a little bit of lift which comes in the kind of tax inevitable.”
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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