AA2024E_LoonganaP.S3

AA2024E_LoonganaP.S3 is a plantation forestry project located at Loongana, approximately 49km southwest of Ulverstone in the Central Coast Council region of Tasmania. It was registered in May 2024 and covers 70.28ha.

Plantation forestry projects under the 2022 methodology involve activities such as establishing new plantations, converting short-rotation plantations to long-rotation ones, or avoiding the conversion of existing plantations to non-forested land. Standard requirements mandate managing the forest for commercial wood products while maintaining carbon stocks over the duration of the crediting period.

The Loongana area in northwest Tasmania is well known for forestry operations and agriculture, including dairy and beef cattle grazing. The region is situated in a high-rainfall zone, and local soils are generally rich ferrosols (volcanic basalts) and clay loams, which provide excellent growing conditions for commercial timber production.

This project sequesters carbon by maintaining an existing plantation forest that was originally established under another method, preventing the land from being converted to non-forest uses. An interesting note is that the project is actively managed by SFM Environmental Solutions Pty Ltd, serving as the agent for the official proponent, The Trust Company (Australia) Limited, acting as trustee for The Tasmanian Carbon Afforestation Sub-Trust.