- RLF AgTech (RLF) completes another milestone in its commercial soil carbon farming pilot program
- The company announced yesterday its appointment of Carbon West to support the compliance management of its 5000-hectare commercial pilot program
- RLF’s aim is to roll out the accumulating carbon-in-soil system process to generate Australian carbon credit units (ACCU) at scale in the 23-million-hectare Australian grain market, with its sights sets on international markets as well
- CEO and Managing Director Ken Hancock says RLF is “well established” in Asian markets and is now looking to further expand
- RLF AgTech is down 2.38 per cent, trading at 20.5 cents at 2:07 pm AEDT
Technology-driven plant nutrition company RLF AgTech (RLF) has completed another milestone in its commercial soil carbon farming pilot program.
The company announced yesterday its appointment of Carbon West to support the compliance management of its 5000-hectare pilot program.
Carbon West will work to have the pilot program registered with the Clean Energy Regulator Emission Reduction Fund for the purpose of earning Australian carbon credit units (ACCUs).
RLF said Carbon West’s experience would help both the company and participating farmers navigate the process of establishing and maintaining land-sector carbon projects.
RLF’s pilot program consists of commercial farming locations, where the company is in discussions with farm owners to enter into agreements for the registration of emissions reduction fund (ERF) carbon projects using RLF’s accumulating carbon-in-soil system (ACSS).
The registration and approval of these projects will then validate RLF’s previous advice that the ACSS complies with the requirements of the Clean Energy Regulator.
The actions taken in this pilot program will allow the company to develop a framework to be used for future projects, plus act as a guide for commercialisation.
The company’s aim is to roll out the ACSS process to generate ACCUs at scale in the 23-million-hectare Australian grain market, with RLF’s sights sets on international markets as well.
“We’re well established in markets like China, Vietnam, Cambodia, Thailand, Myanmar and Sri Lanka and we’re looking to expand in those areas,” CEO and Managing Director Ken Hancock told The Market Herald.
“We see a lot of opportunity to help growers in Asia … we’re very well positioned to do that.”
The company is now looking to position itself in “key international markets” including the US and Canada.
The company said its RLF AgTech ACSS and the RLF plant nutrition products could potentially integrate with most worldwide current farming practices while reducing the need for chemical fertilisers by around 20 per cent.
This would result in delivering increased yields of 10 to 30 per cent while actively promoting carbon sequestration in soil.
RLF AgTech shares were down 2.38 per cent and trading at 20.5 cents at 2:07 pm AEDT.