AA2024E_LoonganaP.S3

AA2024E_LoonganaP.S3 is a plantation forestry project located in the remote locality of Loongana, approximately 40 kilometers inland south-west of Ulverstone in north-west Tasmania. Registered on May 20, 2024, the project covers a relatively small area of 70.28 hectares within the Central Coast Council local government area. The surrounding region is characterized by steep, rugged terrain and a cool temperate climate, primarily utilized for commercial forestry and mixed agriculture in the river valleys.

The project operates under the Carbon Credits (Carbon Farming Initiative-Plantation Forestry) Methodology Determination 2022. Specifically, the project activity is defined as the "avoided conversion of a plantation to non-forested land by continuing plantation." This suggests the project falls under "Schedule 3" of the methodology (indicated by the ".S3" in the project name), which credits proponents for maintaining plantation forests that would otherwise be harvested and converted to non-forest land use, such as pasture. By committing to replant or maintain the forest system, the project ensures the carbon remains stored in the biomass rather than being released through land-use change.

Environmentally, Loongana is situated in a high-rainfall zone, often exceeding 1,000mm annually, which supports dense vegetation and rapid tree growth. The soils in this north-west region of Tasmania are typically fertile, well-drained Red Ferrosols (derived from basalt) or Dermosols, which are highly regarded for both forestry and agricultural productivity. The project is managed by SFM Environmental Solutions, a prominent Tasmanian forest manager, while The Trust Company (Australia) Limited serves as the trustee, indicating the project is likely part of a larger institutional investment portfolio held by "The Tasmanian Carbon Afforestation Sub-Trust."