Wollemi and Permagen, a plantings-focused carbon project developer, have partnered to develop a portfolio of high-integrity Environmental Plantings projects under the Australian Carbon Credit Unit (ACCU) scheme. Wollemi’s project-level equity financing is being used to fund the land acquisition and development costs of these projects.

The Boloco Biodiverse Reforestation project will activate large-scale native reforestation in the Australian Alps Bioregion of New South Wales, aiming to restore a landscape degraded by intensive agricultural practices and extensive weed infestations.  Planting will include mixed native species such as Eucalyptus pauciflora, Acacia dealbata, Eucalyptus stellulata, Eucalyptus rubida, Eucalyptus dives, and Eucalyptus bridgesiana.

The project is designed to enhance nature connectivity by linking forest corridors with the nearby Kosciuszko National Park, Ngadang Nature Reserve, and Paupong Nature Reserve. The landscape varies from moist creek flats and frost hollows to undulating low hills and more rugged high areas. Wollemi and Permagen plan to track these benefits in line with the Accounting for Nature® standard, using the Native Vegetation Assessment Methodology developed by Bush Heritage Australia.