Carbon Project 1 - MRF

Carbon Project 1 - MRF is a Plantation Forestry project located in the Greater Hume region of the South West Slopes in New South Wales. Situated approximately 60km northeast of the major regional center of Albury-Wodonga and extending near the town of Holbrook, the project was registered in September 2023 and covers an area of 675.72 hectares.

Plantation Forestry projects operating under the 2022 Methodology generate carbon credits by storing carbon in trees through eligible management activities. For this specific project, the proponents are undertaking an "avoided conversion" activity. This involves a commitment to re-establish and maintain a harvested plantation forest for the continued commercial harvesting of wood products, preventing the land from being permanently cleared and converted into non-forested agricultural land.

The Greater Hume area is a highly productive zone utilised for mixed farming, cattle and sheep grazing, and extensive commercial softwood operations. The region falls within the Upper Murray River catchment, experiencing a temperate climate with seasonal, moderate to high rainfall that occasionally cycles through drought. The undulating landscape typically features productive clay loams, red earths, and podzolic soils that strongly support commercial timber growth and pasture development.

A notable administrative variation occurred in September 2025, when the project's proponent was officially updated from The Trust Company (PTAL) Limited (acting as trustee for ANZFOF2 Sub 1) to Murray River Forests Pty Ltd. Murray River Forests is a major regional timber operator historically linked to large institutional forestry portfolios, such as Hume Forests and Global Forest Partners. This transition highlights how large-scale commercial forestry operators are actively integrating carbon sequestration incentives to maintain and protect productive forest estates.