Waterhouse River Carbon Project

AU$20 million Project Investment

1Mt CO2-e

Beswick (Wulgala) People / Communities Impacted

Project Overview

The Waterhouse River Carbon Project is on a cattle station in the Northern Territory, around 2 hours east of Katherine. The property spans approximately 139,200 hectares and borders Arnhem Land. The property was purchased by Wonga Ag Six, a joint venture between Viridios and Bondi Agri (formerly WealthCheck) in October 2023 with the intention of developing a carbon project under the Human Induced Regeneration (HIR) Australian Carbon Credit Unit methodology. After years of overgrazing under the previous owners, the land is degraded and presents a significant opportunity to implement sustainable cattle grazing practices and engage with local indigenous communities to further improve land management practices.

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