Kingfisher Schedule 2 2024 ACCU-Scheme Project

The Kingfisher Schedule 2 2024 ACCU-Scheme Project is a large-scale plantation forestry project located across dispersed estates in Northern Tasmania. The project area spans approximately 3,473 hectares, with sites situated near regional forestry hubs such as Burnie in the North West, Launceston in the central north, and Scottsdale in the North East. Registered in July 2025, the project is managed by Forico, Tasmania’s largest private forest management company, on behalf of The Trust Company (Australia) Limited.

Operating under the Plantation Forestry methodology, the project specifically engages in converting short-rotation plantations to long-rotation. This activity involves transitioning forest management from short cycles (typically harvested for woodchips/pulp around 12–15 years) to longer growing periods (25+ years) to produce higher-quality structural timber. By extending the trees' lifespan, the project significantly increases the volume of carbon stored in the forest biomass and subsequent wood products.

The project sites are situated in a region renowned for its high rainfall and productive geology. The North West sites likely benefit from fertile red basalt (ferrosol) soils, while the North East sites often sit on granitic or clay-loam soils. These conditions support rapid Eucalyptus growth, which is the primary genus for Forico's hardwood estates. The surrounding land use is heavily dominated by intensive forestry, dairy farming, and mixed cropping.

An interesting feature of this project is its naming convention; Forico consistently names its carbon projects after native Tasmanian bird species, such as the Tasmanian Azure Kingfisher in this instance, following previous projects like the "Little Wattlebird" and "Pardalote" initiatives. The project is part of the Tasmanian Forest Operating Sub Trust (TFOST) portfolio, an investment vehicle managed by New Forests, which emphasizes sustainable landscape management and FSC certification.