Midway Tasmania 2024_1

Midway Tasmania 2024_1 is a plantation forestry project registered on August 15, 2024, covering a total area of approximately 678 hectares. The project appears to be an aggregation of multiple sites across Tasmania. Based on the registered coordinates, the project operates in two distinct regions: one located approximately 15 kilometers southeast of Devonport near the town of Latrobe in Northern Tasmania, and another situated in the Central Highlands, roughly 70 kilometers northwest of Hobart near the town of Hamilton.

The project operates under the Carbon Credits (Carbon Farming Initiative, Plantation Forestry) Methodology Determination 2022. This methodology credits the carbon sequestered by trees grown for commercial harvest. The "2024_1" project involves a hybrid approach: it establishes new plantation forests on land previously used for other purposes (such as grazing) and includes "avoided conversion" activities, which involve maintaining existing plantations that were at risk of being cleared and converted to non-forested agricultural land.

The environmental context varies significantly between the two project sites. The Northern site near Latrobe is situated in a high-rainfall zone known for its fertile Ferrosols (red basalt soils) and clay loams, which support intensive forestry, dairy, and cropping. The Southern site near Hamilton lies in a drier, cooler region characterized by podzolic soils, where land use is predominantly extensive grazing and forestry.

Australian Carbon Products Pty Ltd, the project proponent, is a wholly owned subsidiary of Midway Limited, one of Australia’s largest woodfibre processors and exporters. This project likely operates under Midway’s "Carbon Project Agreement" model, where the company partners with landholders to manage the plantation and carbon credits while securing timber supply for their processing facility at Bell Bay. This structure allows the project to generate dual revenue streams from carbon offsets (ACCUs) and sustainable timber harvesting.