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 Elouera Biodiverse Reforestation project will drive large-scale native reforestation in New South Wales’ Brigalow Belt South Bioregion. This initiative aims to restore a landscape previously impacted by intensive agriculture and invasive species. The project will entail planting a mix of native species including Eucalyptus populnea, Acacia pendula, Casuarina cristata, and others.

Designed to boost nature connectivity, the project will create forest corridors linking to the adjacent Pilliga West National Park and Baradine Creek. The area features flat alluvial sandy loam to clay soils with floodplains and gilgais. Wollemi and Permagen will monitor the project's progress using the Accounting for Nature® Standard and the Native Vegetation Assessment Methodology from Bush Heritage Australia.