Spence Carbon Project (Revoked)

Spence Carbon Project is an agricultural soil carbon project located near Bishopsbourne, approximately 20km southwest of Launceston in the Northern Midlands region of Tasmania. It was registered in December 2020 and covers 564.13 hectares.

The project operates under the Measurement of Soil Carbon Sequestration in Agricultural Systems methodology. This type of carbon farming project involves altering the stocking rate, duration, or intensity of livestock grazing to increase the amount of carbon sequestered in agricultural soils, thereby drawing down atmospheric greenhouse gases.

The Northern Midlands region is well-known for its extensive agricultural operations, predominantly featuring sheep and cattle grazing for meat and fine wool production, as well as varied crop growing. The region is situated in a dry, subhumid inland lowland and experiences some of Tasmania's lowest annual rainfall. The local environment features diverse soils, commonly including alluvial deposits along valleys, unconsolidated tertiary sediments, and clay-based soil profiles such as sodosols and chromosols.

While the project was originally developed and overseen by AGRIPROVE SOLUTIONS PTY LTD alongside Agriprove Pty Ltd, it was officially revoked under section 30 of the CFI Rule on August 7, 2026.