Alterra’s Australian carbon projects are ongoing with contracted revenue until 2027 and a Carbon Credit pipeline to 2039. In 2016 Alterra's New Zealand assets were sold and the funds repatriated to Australia. In March 2016 the Company changed its name to Alterra Ltd (ASX-1AG) to reflect its broadening portfolio of interests; a small dairy venture was trialled and the System-5 Dairy strategy adopted with development ongoing.
The Alterra story essentially began in 2000 with the founding of a private company to develop a large scale share-farming venture, by 2008 it was achieving annual wheat, barley, and canola production of circa 350,000 tonnes.
In 2005 the private company began researching opportunities to create carbon credits by planting native trees on lower productive agricultural land in the WA wheat-belt.
In 2007 Carbon Conscious Ltd was founded. The company was floated as an IPO on the ASX in May 2008, and its first commercial carbon-sink was planted.
2008 - 2012
Between 2008 and 2012 the Company planted over 18,000 ha of mallees on 30 farms in Western Australia and a 100% owned subsidiary (Carbon Conscious New Zealand Ltd) planted 800 ha of pines on 4 farms in New Zealand. Carbon credits were forward sold through to 2027, and the first carbon credit units were produced and delivered to clients in 2013.
In 2014 another minor carbon sink project was initiated and in response to a changing business environment work commenced to diversify the company’s interests.
2015 - 2016
Management of the existing agri-forestry projects, that will continue to produce carbon credits until 2039 remains ongoing.
Work continues on converting a significant investment in researching global dairy production and marketing best practice into a Western Australian project.