2021 AGECLASS - LIMESTONE PLANTATIONS

2021 AGECLASS - LIMESTONE PLANTATIONS is a Plantation Forestry project situated within the "Green Triangle," a premier forestry region straddling the border of South Australia and Victoria. The project area spans multiple sites, with coordinates indicating locations approximately 20km west of Penola, South Australia, and 10km east of Casterton, Victoria. Registered in September 2020, the project covers approximately 2,089 hectares. The surrounding region is dominated by extensive softwood and hardwood forestry estates, interspersed with grazing and agricultural land.

The project operates under the Carbon Farming Initiative-Plantation Forestry methodology, specifically utilizing the "short-term to long-term rotation" conversion activity. This involves transitioning forests, likely Tasmanian Bluegum originally grown for short-rotation woodchip, into long-rotation plantations, such as Radiata Pine, managed for high-value sawlogs. By extending the growth cycle from roughly 10-15 years to 30+ years, the project significantly increases the duration carbon is stored in the biomass and subsequent wood products.

Environmentally, the Green Triangle is characterized by its cool, wet winters and mild, dry summers, with reliable rainfall exceeding 600mm annually, creating ideal conditions for rapid tree growth. The region is geologically distinct, famous for its "Terra Rossa" soils, red clay loams over limestone, and sandy podzols, which provide excellent drainage and fertility for plantation species.

A significant development for this project occurred in May 2025, when the participant name changed from The Trust Company (ANZFOF2) to OneFortyOne Plantations Pty Ltd. This reflects a major corporate acquisition where OneFortyOne purchased the "Limestone Coast" estate from New Forests' Australia New Zealand Forest Fund 2. SFM Environmental Solutions has been retained to manage the forestry and carbon operations, ensuring continuity in the complex transition from short-rotation hardwood to long-rotation softwood.