CO2 Group (COZ)

Shares / Stock Code

COZ

Stock Exchange / Sharemarket

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CO2 Group (COZ) is an Australian-based company that specialises in the commercialisation of business opportunities within the environmental sciences sector, primarily carbon sequestration, that is the establishment of accredited carbon sinks on behalf of third parties, primarily for large domestic and international companies and state governments. CO2 Australia Carbon Sequestration Program involves the production of carbon credits from long-term Mallee Eucalypt plantings. The company was listed on the ASX on 14 June 1990. CO2 is also registered on the Chicago Climate Exchange. CO2 Australia has six offices located across three Australian states.

The Company’s planting operations are located in New South Wales, Western Australia, and Victoria. It operates in a single segment. On September 8, 2008, the Company purchased interests in The Oil Mallee Company of Australia Limited (OMC). Its subsidiaries include CO2 Australia Limited, Australian Carbon Sinks Limited, Mallee Carbon Limited, Carbon Sinks Services Pty Ltd and The Oil Mallee Company of Australia Limited.

CO2 is Australia's largest provider of carbon sink plantings. CO2 is accredited under the Federal Government's Greenhouse Friendly Program, the NSW Government's Greenhouse Gas Abatement Scheme and Chicago Climate Exchange. The increasing focus on climate change and carbon dioxide emissions and the implementation of mandatory CO2 emissions reduction programs through legislation by both domestic and international governments means that COZ is well placed to increase its growth in the near future.

COZ has a large and diverse client base. Clients include Eraring Energy, Woodside Energy, INPEX Browse, Origin Energy, Country Energy, Kansai Electric Power, Western Power Corporation, Macquarie Bank, Victorian Government, City of Sydney, Wannon Water, Qantas Airways, Newmont Mining, Rio Tinto, EDS, Big Day Out and Rip Curl. COZ's competitors include other carbon sequestration businesses.