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The Australian federal government has announced a $1.1 billion investment aimed at advancing the low carbon liquid fuels sector over the next decade. This initiative will foster domestic production, support innovations, and create jobs while building on existing funding programs.

The investment is expected to unlock significant economic opportunities for Australian farmers and businesses, with estimates suggesting a potential industry value of $36 billion by 2050. Stakeholders have welcomed the announcement, indicating it could position Australia as a leader in low carbon liquid fuel production.