How are Carbon Sync and Chevron connected?
Chevron has provided initial funding to enable Carbon Sync to set up its Soil Carbon Farming Pilot Project. Over the project’s first four years, we will begin soil carbon farming on approximately 80 farms across the Southwest Land Division of Western Australia.
We expect the first carbon credits (Australian Carbon Credit Units, or ACCUs) to be delivered from years four to six after the pilot commences.
Farmers who join the Pilot Project and receive ACCUs will retain full ownership and control of those ACCUs.
Importantly, Carbon Sync remains 100% owned by its CEO and senior staff for the life of the pilot project.