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The Australian government has unveiled a $1.1 billion initiative to stimulate the production of low carbon liquid fuels, leveraging local agricultural feedstocks such as canola and sorghum. This ten-year program aims to attract private investment in renewable diesel and sustainable aviation fuel, potentially creating a new industry and reducing emissions significantly.

Industry leaders have heralded the funding as a critical advancement for regional producers, while the government plans to engage stakeholders to ensure a sustainable market. The initiative builds on previous funding efforts and aims to position Australia as a key player in the global clean fuels sector.