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Australia invests $250M in low-carbon fuels to support aviation, shipping, and mining sectors.
Australia is investing $250 million in its low-carbon liquid fuels (LCLF) industry to support sectors like aviation, shipping, and mining, aiming to bridge the gap between fossil fuels and cleaner alternatives.
The funding, part of the Future Made in Australia Innovation Fund, could generate between $6 billion and $12 billion annually in economic benefits for farmers and regional communities.
The LCLF industry uses biomass from agricultural feedstocks, positioning Australia to develop a diversified portfolio of sustainable sources.
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Australia invierte 250 millones de dólares en combustibles con bajas emisiones de carbono para apoyar los sectores de aviación, transporte marítimo y minería.