Silva Capital to capture 460k tonnes of carbon with first plantings

Silva Capital, the joint venture between Roc Partners and C6 Investment Management to provide carbon investment products, has completed first plantings on one of the Silva Carbon Origination Fund's seed assets in Queensland, forecasted to capture an approximately 460,000 tonnes of carbon over the next 25 years.

After its first close in July 2024, the initiative, in a partnership with Covalent Land Australia, has now planted 160,000 mixed species, native trees on the Queensland project.

Boasting an environmental planting method, along with integrated farming activities, habitat restoration and biodiversity protection, the project will "balance agricultural productivity and environmental stewardship, supporting both economic and ecological sustainability."

Further, the parties have undertaken a series of cultural heritage surveys of the project site, as well as putting protection measure across areas and artifacts of cultural significance with the Auburn Hawkwood People Aboriginal Corporation (AHPAC).

Silva Capital co-managing director Raphael Wood said: "We are thrilled to see our first plants go into the ground. To build an institutional grade product the way we have and to see the real benefit it makes on the ground is an incredible highlight."

"We deeply thank the Auburn Hawkwood People for their support to date and look forward to continuing to work closely together moving forward."

The Silva Carbon Origination Fund offers investors looking for Australian Carbon Credit Units (ACCUs) to meet their regulatory compliance obligations. It primarily focuses on capturing said returns from land reforestation projects integrated with sustainable agriculture.

Silva Capital said the fund will enter the Australian market in the early part of its growth phase, prior to its maturity, through a targeted carbon credit creation strategy, directly investing in projects that bring food and fibre production together with carbon sequestration and provide scale to the industry more broadly.

This comes as several ASX-listed companies including BHP, Rio Tinto and, Qantas committing $80 million into the strategy last year.