Select Carbon partners with farmers and other landowners to develop carbon farming projects throughout Australia which aim to reduce emissions and capture CO2 while benefiting biodiversity and local communities. Carbon credits generated through Select Carbon's projects are offered through the Australian government's Emissions Reduction Fund and other markets, creating an additional revenue stream for farmers and landowners, according to the Shell release.
Select Carbon has to date developed and manages a portfolio of over 70 projects covering 9 million hectares across various ecosystems and agricultural uses in Australia, according to the Shell release.
The acquisition of Select Carbon is subject to Australian regulatory approvals and expected to close before the year end. (Source: Shell Australia, S&P, 3 Aug., 2020) Contact: Shell Australia, +61 8 9338 6600, www.shell.com.au; Select Carbon, +61 414 334 170, www.selectcarbon.com
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The project, which will incorporate approximately 400,000 PV panels for an annual capacity of 120MW, is slated to come online in 2021 and will be connected to existing infrastructure.
(Source: Shell Australia, PR, CSO. 7 Feb., 2020) Contact: Shell Australia. Shell Energy, Greg Joiner, VP Australia, +61 8 9338 6600,
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