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Australia is set to invest $1.1 billion in a ten-year program aimed at establishing a domestic industry for low carbon liquid fuels, potentially creating a $36 billion market by 2050. The initiative will support projects using agricultural feedstocks to reduce emissions in hard-to-abate sectors such as aviation and shipping. The first production is expected by 2029, with the program designed to foster private investment and local supply chains while enhancing job opportunities for farmers and workers.