Foxton Carbon Project (Revoked)

Foxton Carbon Project is a soil carbon project located approximately 15km southwest of Launceston in northern Tasmania. It was registered in November 2020 and covers an area of 566.96 hectares.

The project operates under the Measurement of Soil Carbon Sequestration in Agricultural Systems methodology. This methodology involves implementing new or materially different agricultural management practices to build and store soil organic carbon. For this specific project, the proponent, Agriprove Solutions Pty Ltd, aimed to increase soil carbon by altering the stocking rate, duration, or intensity of grazing. This often involves strategies like rotational grazing to improve pasture recovery and root biomass, which naturally draws down and locks carbon into the soil.

The area southwest of Launceston falls within the Northern Midlands and Meander Valley regions, which are renowned for highly productive mixed farming, particularly intensive sheep and cattle grazing alongside irrigated cropping. The region experiences a cool temperate climate with moderate to high rainfall. The soils in this agricultural pocket are typically well-draining sandy loams, dermosols, and fertile basalt-derived ferrosols.

Interestingly, while the project was registered to build soil carbon in these grazing systems, it was officially revoked on August 7, 2026, under section 30 of the Carbon Credits (Carbon Farming Initiative) Rule. Revocations under this section generally occur due to voluntary withdrawal by the proponent or an inability to meet ongoing regulatory reporting and eligibility criteria.