
Mission Biotechnologies Sdn. Bhd
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MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of 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 number of little companies in Cornwall currently make cash from utilized cooking oil ».
He included: « In order to be able to get this kind of market going it does require just a bit of lift which can be found in the kind of tax foregone. »
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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