The production of some of Australia’s favourite beverages will become greener thanks to a partnership between leading carbon specialist CO2 Australia, a wholly-owned subsidiary of ASX listed CO2 Group (ASX: COZ), and the brewers of the famous Bundaberg Ginger Beer, Bundaberg Brewed Drinks.
The two companies, with the support of the Queensland Department of Employment, Economic Development and Innovation (DEEDI), have established a unique carbon offset project at Moura, Queensland, 300 kilometres west of Bundaberg.
The new project will allow Bundaberg Brewed Drinks to reduce its carbon footprint and provide additional environmental benefits to the landscape. The project will be established and managed by CO2 Australia.
“This is a very exciting project for CO2 Australia, as it allows for the ongoing diversification of the range of forest carbon projects that we are offering and the range of landscapes over which we can offer them. It’s particularly positive for us because it means we are now operating on-the-ground in Queensland, a state with huge potential for carbon projects,” said Mr Andrew Grant, Chief Executive Officer of CO2 Group.
“At Bundaberg Brewed Drinks we pride ourselves on supporting the community and partnering with local suppliers wherever we can to deliver the finest brewed beverages,” said Bundaberg Brewed Drinks Chief Executive Officer, Mr John McLean.
“As a company, we are committed to looking at ways to improve how we do things. We are proud to now invest in a forest that offsets carbon and creates habitat for native wildlife. As a family company, we understand the need to reduce our carbon footprint for the benefit of future generations,” said Mr McLean.
Bundaberg Brewed Drinks chose to partner with CO2 Australia for the project because of its experience and success in managing similar initiatives.
The project has the support of DEEDI who has provided expert advice, as well as key resources including seed from elite provenances for the planting. On top of reducing greenhouse emissions, the project will be used as a resource for research and development activities over coming decades.
CO2 Australia, which has been operating since 2004, has 22,000 hectares of carbon sink plantings (equating to 33 million trees) under its management. CO2 Australia can help companies with the development of low-cost, long-term carbon forest assets; sourcing eligible carbon credits from the market; and creating cost-effective carbon trading solutions.
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