HPUT Carbon Project

HPUT Carbon Project is a plantation forestry project located along Inglewood Road near Andover in the Eastern Tiers region of Tasmania, approximately 25km east of Oatlands and 60km north of Hobart. It was registered in December 2023 and covers a substantial area of 2,148.04 hectares.

Plantation forestry projects generate Australian Carbon Credit Units (ACCUs) through activities such as establishing new plantations, transitioning short-rotation plantations to long-rotation, or avoiding the conversion of existing plantations to non-forested land. This specific project operates under an "avoided conversion" activity. This means it generates credits by preventing an existing or recently harvested plantation from being permanently cleared for agricultural use, instead committing to re-establishing and maintaining the forest for another rotation of commercial wood products.

The Andover and wider Southern Midlands area is traditionally known for mixed grazing operations, including sheep and cattle farming, alongside commercial forestry. The landscape experiences a cool temperate climate with moderate annual rainfall, generally between 600mm and 800mm. The terrain typically consists of rolling hills with soils predominantly derived from Jurassic dolerite and sedimentary sandstones.

An interesting administrative note occurred in May 2025, when the project's participant entity was varied from Eastern Tiers Pty Ltd to Fife AMI 2303 Inglewood Road Pty Limited as Trustee for Fife AMI 2303 Inglewood Road Trust. This transition suggests the underlying land and carbon asset moved from local management into an institutional investment portfolio managed by Fife Capital. The project is designed to sequester carbon permanently over a 25-year period while continuing sustainable timber production.