Sign up Australia
Proactive Investors - Run By Investors For Investors

CO2 Group enters Queensland with Bundaberg Brewed Drinks carbon offset project

CO2 Group enters Queensland with Bundaberg Brewed Drinks carbon offset project

Carbon offset specialists CO2 Group has entered into the Queensland market under a deal to reduce Bundaberg Brewed Drinks’ carbon footprint.

The company will develop a carbon offset project at Moura, about 300 kilometres west of Bundaberg, with support from the Queensland Department of Employment, Economic Development and Innovation (DEEDI).

CO2 said the project paves the way for it to provide carbon management solutions to a new market in Queensland, including its burgeoning resources industry.

While the company has traditionally used mallee eucalypts in Australian-based carbon sink plantings, it will introduce a new species of eucalypt that’s best suited to the Queensland landscape.

Seed from elite provenances will be provided by the DEEDI for the planting.

Besides reducing greenhouse emissions, the project will also serve as a resource for research and development work over coming decades.

CO2 has 22,000 hectares of carbon sink plantings, or about 33 million trees, under its management.

Its clients include Woodside Energy (ASX: WPL), Origin Energy (ASX: ORG), Rio Tinto (ASX:RIO) and Qantas Airways (ASX: QAN).

Register here to be notified of future COZ Company articles
View full COZ profile

CO2 Group Limited Timeline

August 19 2016

Related Articles

Fuell cell
July 06 2016
"Delivery of the small-scale system's basic engineering in such a tight timeframe is further validation of the decision to collaborate with our strategic partner plantIng," said CEO Adam Bond.
September 19 2016
Despite bumps along the way, boiler optimisation firm Sabien Technology is making headway with its revised sales strategy.
Fuel cells
February 01 2017
Ceres has built up a significant head of steam over the past year with big manufacturers coming on board and trials of its prototype home power systems in the UK.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.