Mission Biofuels Sdn. Bhd
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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 who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable biodiesel alliance.
Mr George stated “a variety of small companies in Cornwall presently make cash from utilized cooking oil”.
He added: “In order to have the ability to get this sort of industry going it does require simply a bit of lift which is available in the type of tax inescapable.”
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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