Chevron Corporation subsidiaries — Chevron Australia New Energies Pty Ltd and Chevron Australia Pty Ltd — will be funding two projects in WA that aims to lower carbon emissions.
Based in WA, Carbon Sync is a leading soil carbon sequestration pilot project that involves up to 80,000 hectares of the state’s pastures and will effectively serve as Chevron’s first nature-based carbon offsets project in Australia.
Carbon Sync specialises in soil carbon farming project development and works one-on-one with farmers to restore soil health using the principles of Regenerative Agriculture and Holistic Management.
Carbon Sync Founder and CEO said: “I am thrilled that a large multinational organisation has recognised the potential of Carbon Sync to change the carbon equation for WA’s agricultural industry, as well as create jobs and further investment for our state. Through these pilot projects, we aim to enhance the sustainability of WA’s agricultural sector and improve biodiversity outcomes.”
The company has also partnered with Deakin University’s Blue Carbon Lab on a multi-year research project to discover potential ways to store carbon in the coastal wetlands of WA.
This carbon sequestration process occurs naturally but can also be greatly enhanced through the use of technology within carbon capture and storage (CCS) projects.
Director of Deakin University’s Blue Carbon Lab Professor Peter Macreadie said the research project seeks to address the knowledge gap between the size of WA’s blue carbon assets and the potential for new blue carbon opportunities through the conservation and restoration of coastal wetlands.
According to Chevron Australia’s General Manager of Energy Transition David Fallon, these two WA-based project are examples of the multiple pathways Chevron is taking to lower carbon emissions.
“Our collaboration with Carbon Sync is expected to provide critical insights related to soil carbon projects, in a region with large potential for scale to help meet the forecasted demand for Australian Carbon Credit Units (ACCUs).
“With the Blue Carbon Lab contribution, we are excited to explore the opportunities for blue carbon in WA’s saltmarsh, mangrove and seagrass environments,” said Fallon.
