HPUT Carbon Project

HPUT Carbon Project is a plantation forestry project located at the historic Stonehenge property on Inglewood Road, approximately 35km southeast of Oatlands and 60km north of Hobart in the Southern Midlands region of Tasmania. It was registered in December 2023 and covers an area of 2,148.04 hectares.

Plantation forestry projects operating under the 2022 method sequester carbon by establishing new plantations, transitioning short-rotation to long-rotation cycles, or avoiding the clearing of existing plantations. This specific project falls under the latter, avoiding the conversion of an existing or harvested plantation to non-forested land, such as pasture for livestock. Standard requirements mandate that the land must be maintained as a continuous plantation forest intended for the commercial harvesting of wood products, thereby protecting its long-term carbon storage potential.

The Southern Midlands and Eastern Tiers area is a prominent part of Tasmania's agricultural heartland, characterized by broadacre sheep grazing, cropping, and forestry operations. The region features a moderate, drier climate compared to Tasmania's west coast, typically receiving between 500mm and 700mm of rainfall annually. The local landscape boasts a diverse mix of soils well-suited for agriculture and timber, ranging from rich black clay river flats and friable loams to solid ironstone country.

An interesting note about this project is its location on one of Tasmania's most prestigious and historic farming estates, settled over 170 years ago. The 3,386-hectare Stonehenge property features a grand seven-bedroom sandstone mansion built in 1879 for Samuel Page, a legendary Tasmanian pioneer. In June 2023, the estate was purchased by veteran Sydney fund manager Allan Fife (founder of Fife Capital) for approximately $25 million. Subsequently, in May 2025, the carbon project's proponent name was varied to Fife AMI 2303 Inglewood Road Pty Limited, reflecting both the property's address and its transition into a modern institutional investment portfolio.