2021 AGECLASS - LIMESTONE PLANTATIONS

2021 AGECLASS - LIMESTONE PLANTATIONS is a plantation forestry project located in the Green Triangle region, straddling the Naracoorte Lucindale Council in South Australia and the West Wimmera Shire in Victoria. It was registered in September 2020 and covers an area of 2,089.57 ha.

Plantation forestry projects generate Australian Carbon Credit Units (ACCUs) by establishing new plantation forests or converting short-rotation plantations (typically harvested for pulpwood or woodchips) to long-rotation forests (harvested for larger sawlogs or veneer). Standard requirements under this methodology dictate that the forest must be actively managed for commercial harvesting and meet specific tree stocking densities to form a continuous forest canopy. This project sequesters carbon through both the establishment of new plantation areas and the conversion of existing short-rotation timber to long-rotation timber. By extending the growth period before harvest, more carbon is stored over time in living trees, forest floor debris, and long-term harvested wood products.

The Green Triangle region is renowned for its extensive commercial pine and blue gum (Eucalyptus globulus) forestry operations, as well as dairy, sheep, and beef grazing. The area is classified as having a moderate to high-rainfall Mediterranean climate with winter-dominant precipitation. The regional soils are characterized by a distinct limestone base beneath the Lower Limestone Coast, overlaid with sandy loams, highly fertile terra rossa (red soil), and clay loams that provide ideal drainage and nutrients for robust timber growth.

The project is managed by agent SFM Environmental Solutions Pty Ltd on behalf of the proponent, OneFortyOne Plantations Pty Ltd. Initially registered under The Trust Company (PTAL) Limited as trustee for ANZFOF2 Sub 1, a formal variation in May 2025 officially transferred the participant name to OneFortyOne. Another variation was filed in May 2021 to remove specific areas from the original project boundaries. The proponent currently holds an active Optional Delivery carbon abatement contract (CAC890733) with the Australian Government to deliver 160,370 ACCUs. Beyond generating carbon credits, OneFortyOne has been investing heavily in transforming its plantation forestry waste (slash) into renewable biofuel and has recently partnered to produce renewable methanol, aiming to displace coal dependency and decarbonize the broader aviation and shipping sectors.