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The Albanese government has announced a $1 billion cleaner fuels program aimed at enhancing domestic production of low carbon liquid fuels, including sustainable aviation fuel and renewable diesel. Technology company Licella has welcomed the investment, viewing it as a crucial development for a burgeoning low carbon industry that promises to reduce emissions and create jobs.

Their Project Swift in Queensland aims to produce 60 million liters of biofuels annually, utilizing agricultural residues. The initiative is expected to create hundreds of jobs while positioning Australia as a leader in sustainable fuel production.