Limefire Carbon Project (Revoked)

Limefire Carbon Project (Revoked) was a soil carbon sequestration project located near the rural village of Loch, approximately 12km west of Korumburra in the South Gippsland region of Victoria. The project was registered in September 2018 and covered a small area of approximately 56 hectares.

The project operated under the 'Sequestering Carbon in Soils in Grazing Systems' methodology (2014). This method requires landholders to implement new management activities, in this case, pasture cropping, to increase the amount of carbon stored in the soil profile. Pasture cropping typically involves sowing winter cereal crops directly into perennial pastures to maintain ground cover and stimulate root growth.

The South Gippsland region is renowned for its high, reliable rainfall and lush, rolling green hills, making it one of Victoria's premier dairy and grazing districts. The local environment features fertile soils, often consisting of red volcanic earths (krasnozems) and grey clay loams, which are highly conducive to pasture growth and potential soil carbon build-up.

In August 2024, the project was revoked under Section 30 of the CFI Rule, which indicates a voluntary revocation by the proponent. No Australian Carbon Credit Units (ACCUs) were issued to the project during its lifespan. The relatively small size of the project (56ha) may have made the high costs associated with physical soil sampling and auditing, a requirement for generating credits under this method, economically unviable.