Kingfisher Schedule 2 2024 ACCU-Scheme Project

Kingfisher Schedule 2 2024 ACCU-Scheme Project is a plantation forestry project located across multiple dispersed sites spanning northern Tasmania, ranging from inland of Burnie in the north-west to the Fingal Valley in the north-east, with Launceston serving as a central geographic hub for the eastern parcels. Registered in July 2025, the project covers a substantial area of 3,472.83 hectares.

Plantation forestry projects operating under the 2022 Methodology Determination generally involve establishing a new plantation, maintaining a pre-existing one, or changing the management regime to increase long-term carbon stocks. Standard requirements dictate that the forest must be grown for commercial harvest and maintain specific stocking densities to achieve a continuous forest cover (typically at least 20% crown cover and trees capable of reaching two metres in height).

The northern Tasmanian region where these land parcels are located is heavily utilised for commercial forestry, dairy farming, and livestock grazing. The environment is characterised by a high-rainfall climate that provides excellent growing conditions for plantation timber. Soils across this varied region are highly fertile, predominantly featuring deep, well-drained basaltic krasnozems in the north-west and podzolic or clay loam soils in the north-east.

The core activity of this project involves sequestering carbon by converting an existing short-rotation plantation forest, typically grown for pulp or woodchips, to a long-rotation plantation forest intended for the commercial harvesting of solid wood products like sawlogs. As an interesting note, the project's agent is Forico Pty Limited, Tasmania’s largest private forest management company, which manages the estate on behalf of the project proponent, The Trust Company (Australia) Limited as Trustee for the Tasmanian Forest Operating Sub Trust. By transitioning to a long-rotation model, Forico not only generates Australian Carbon Credit Units (ACCUs) but also shifts the ultimate timber output toward higher-value structural timber products.