Australia’s largest First Nations led carbon initiativeThursday 5 Feb 2026
The $81 million project is expected to become one of Australia’s largest nature-based carbon initiatives, planting native species for a long-rotation program, generating high-integrity Australian Carbon Credit Units (ACCUs) as well as timber. The Tiwi Plantations Corporation is owned, operated and governed by all eight Tiwi clans. The plantation initiative will deliver substantial economic benefits for the Tiwi community, including training and employment opportunities. Heechung Sung, CEFC Head of Natural Capital, said: “We are incredibly proud to support and empower the Tiwi Islands communities to achieve greater economic equity in the energy transition. Sustainable forestry plays an important role in Australia’s low carbon future, and with this project, we are creating new commercial investment models for meaningful collaboration with Indigenous communities. This investment has created a forestry industry to drive economic opportunity that will endure for generations to come.” “This initiative, delivered under the updated Plantation Forestry Method, is a unique opportunity to restore productive forest ecosystems using native species, delivering lasting carbon, environmental and economic outcomes.” The planting of 30,000 hectares of Eucalyptus pellita, trees native to Northeastern Queensland, is projected to generate around 5 million nature-based ACCUs1 under the Plantation Forestry method over the life of the plantation. This large-scale initiative is projected to increase Australia’s total plantation area by approximately 2 per cent2, meeting international demand for high quality timber products. Kim Puruntatameri, Chair of the Tiwi Plantations Corporation said: “The Tiwi Plantations Corporation represents the land for our people. We've got to look after the land very well for the next generation coming. To keep the environment strong, we need to work together with people from outside. If we work together as one, we're going to get there, we must listen to one another. Tiwi knowledge and our culture are the most important things, we need to pass the knowledge on to our grandkids.” Suzi Carp, Co-Founder and Director of River Capital, said: “We are proud to be involved in this transformational project. This investment is a rare opportunity to deliver financial, environmental and social impact at scale.” Managed by Australian plantation investment manager Midway, the plantation is expected to produce approximately 12 million cubic metres of high-value wood products. This will support long-term carbon storage through sustainable timber used in construction and reduce reliance on native forests. More >> Source & iamge credit: CEFC  | ||
Copyright 2004-2026 © Innovatek Ltd. All rights reserved. |
