Plantation Pine Products Australia - Plantation Forestry Project PPP1

Plantation Pine Products Australia - Plantation Forestry Project PPP1 is a plantation forestry project located in the Central Tablelands region of New South Wales, spread across multiple parcels including areas approximately 25km north of Orange and 20km west of Bathurst. It was registered in November 2022 and originally covered 2,839.56 hectares, with additional areas added through a variation in August 2023.

Plantation forestry projects sequester carbon by establishing and maintaining a new commercial plantation forest or by converting short-rotation plantations to long-rotation ones. Standard requirements under the 2022 methodology dictate that newly established plantations must be actively managed for the commercial harvesting of wood products while maintaining minimum tree stocking densities and protecting carbon stocks over the crediting and permanence period. For this project, the nominated permanence period is 25 years.

The Central Tablelands region is well-known for its mixed agriculture, predominantly sheep and cattle grazing, alongside extensive commercial pine forestry operations. The area enjoys moderate, reliable rainfall of around 720 to 750 mm annually. Soils in the region are generally fertile Chromosols (red and yellow duplex soils) and Dermosols (derived from tertiary basalts), which provide an optimal environment for commercial timber growth.

This project was established as part of a broader circular economy and corporate sustainability initiative. The proponent, Group Energy Pty Ltd, serves as the energy and sustainability arm for the Borg Group. By establishing and utilizing commercial pine forests, the company is able to offset its emissions and generate Australian Carbon Credit Units (ACCUs) while supplying its own timber manufacturing facilities. The project is co-managed by The Carbon Farming Foundation Ltd acting as the project agent.