Midway Tasmania 2024_1

Midway Tasmania 2024_1 is a plantation forestry project located across multiple land parcels in Tasmania, specifically situated within the Latrobe Council area (approximately 15km south of Devonport) and the Central Highlands region (northwest of Hobart). It was registered on August 15, 2024, and covers a total project area of 677.81 hectares.

Plantation forestry projects operating under the Carbon Credits (Carbon Farming Initiative-Plantation Forestry) Methodology Determination 2022 involve earning carbon credits through activities such as establishing a new plantation forest, converting a short-rotation plantation to a long-rotation plantation, or maintaining a plantation that would otherwise be converted to non-forested agricultural land.

The Latrobe and Central Highlands regions are well known for their robust commercial forestry operations. The northern Latrobe area is also highly regarded for its intensive agriculture and grazing, supported by fertile red basalt soils (ferrosols) and a temperate, high-rainfall climate. The Central Highlands features more variable clay and loam soils, traditionally supporting sheep grazing alongside extensive timber and forestry reserves.

This project sequesters carbon through two main activities: establishing and maintaining a new plantation forest, and avoiding the conversion of an existing plantation to non-forested land by continuing its ongoing operation. Both aspects of the project are geared toward the commercial harvesting of wood products.

Interestingly, the project proponent, Australian Carbon Products Pty Ltd, is a wholly owned subsidiary of Midway Limited, which is one of Australia's largest woodfibre processors and exporters. Furthermore, Australian Carbon Products Pty Ltd recently received grant funding under the Australian Government's Support Plantation Establishment program to actively assist with expanding long-rotation softwood plantations in Tasmania.