Overview
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Founded Date November 9, 1956
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Specializations Product
Company Description
MP Backs Biodiesel Tax Break Campaign
MP backs break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential 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 said “a variety of small companies in Cornwall presently earn money from used cooking oil”.
He included: “In order to have the ability to get this sort of market going it does require simply a little bit of lift which is available in the form of tax inevitable.”
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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