Australian Bluegum Plantations (ABP) Plantation Forestry Carbon Project #1

Australian Bluegum Plantations (ABP) Plantation Forestry Carbon Project #1 is a plantation forestry project located across multiple sites in the Green Triangle region of south-west Victoria, spanning areas roughly 40km to 90km north of Portland near towns such as Macarthur and Dartmoor. It was registered in August 2024 and covers 1,566.97ha.

Plantation forestry projects involve sequestering carbon by establishing new plantation forests or avoiding the conversion of existing or recently harvested plantations to non-forested land. This methodology supports commercial timber harvesting, ensuring carbon is stored both in living trees and resulting harvested wood products.

The Green Triangle region is widely known for its robust forestry industry as well as cattle and sheep grazing operations. The area is considered high rainfall (averaging 600-1100mm annually) and the soils are generally fertile sandy loams and volcanic basalt, which provides ideal conditions for timber growth.

This project is managed by Australian Bluegum Plantations, one of the world's largest fully integrated plantation managers and woodchip exporters. The project aims to sequester carbon by preventing the conversion of an existing plantation to non-forested land, while concurrently establishing new forested areas. The timber grown on these properties is typically Eucalyptus globulus (Bluegum), which is managed on short 10 to 15-year rotation cycles to produce premium woodchips for export. Climate Friendly Pty Ltd acts as the project agent.