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| Year | Emissions | Baseline | Gap | ACCUs | SMCs | Compliance |
|---|---|---|---|---|---|---|
| 24–25 | 483 kt | 914 kt | -431 kt | — | — | Under baseline |
Kooragang Island is a chemical manufacturing facility operated by ORICA AUSTRALIA PTY LTD in NSW. Like all covered facilities, chemical production processes generate process and energy emissions. Under Australia's Safeguard Mechanism, Kooragang Island must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2023–24, Kooragang Island came in under its baseline — reporting emissions of 483 kt against an obligation of 914 kt, a surplus of 431 kt. Facilities that come in under baseline can generate Safeguard Mechanism Credits (SMCs), which can be sold to facilities that need to cover an overage. Kooragang Island generated 430,751 SMCs in 2023–24.
Across the chemical manufacturing sector, 1 of 3 covered facilities reported emissions above their baseline in 2023–24. The table below compares Kooragang Island with other chemical manufacturing facilities covered by the Safeguard Mechanism.
| Facility | Operator | State | Emissions | vs Baseline | Compliance |
|---|---|---|---|---|---|
| Yarwun Nitrates | ORICA AUSTRALIA PTY LTD | QLD | 377 kt | +77 kt | Pending |
| Moranbah | Incitec Pivot Limited | QLD | 460 kt | -64 kt | Under baseline |
| Kooragang Island | ORICA AUSTRALIA PTY LTD | NSW | 483 kt | -431 kt | Under baseline |