Wundowie Carbon Limited (“Wundowie” or the “Company”) has acquired all of the shares in Re-Vi Group Limited (“Re-Vi”), owner of the Kangaroo Island Biochar Project in South Australia.

Wundowie is redeveloping the project into an integrated biocarbon/biocoke facility in-line with Wundowie’s business of redirecting low value biomass into value-added biogenic carbon reductants, such as biocoke, that are essential for the production of green metals including green steel.

The Company will rename the project the Kangaroo Island Biocoke Project (“KIBP”) and began procurement of long lead time items earlier in the year. First production is expected in the September quarter of 2026.

Wundowie Founder and CEO Mr. Haydn Smith commented:
“We are very excited to become part of the Kangaroo Island community and to start the journey of transforming the fire damaged plantation timber into value-added products for the metallurgical industry. We are also proud that the KIBP will bring over 20 green economy jobs to regional South Australia in 2026 and we expect this to grow to over 50 as the project scales in coming years.”

Wundowie Chief Product Officer Mr. Alister King added:
“The KIBP is well positioned to be the supplier of choice for Australian and international metallurgical businesses that are seeking to abate their GHG emissions by accessing a fully traceable net zero alternative. As a result of this investment, we can prevent the extraction of over 1 million tonnes of fossil coal and methane during the project’s life” 

Wundowie is working with a number of product offtakers including those who have undertaken biocoke trials, whilst product characteristics continue to be developed using the Company’s R&D facility at the UNSW School of Material Science and Engineering under the previously announced TRaCE program.

The all-scrip acquisition has been approved by both Wundowie and Re-Vi shareholders having been supported by an Independent Export Report, prepared by BDO Corporate Finance and being unanimously recommended by both boards.

The newly expanded Wundowie has also converted to a public (unlisted) company structure and has been renamed Wundowie Carbon Limited. Wundowie will also undertake a capital raising to fund the remainder of project construction and for general corporate purposes.

Whilst the Kangaroo Island Biocoke Project will be Wundowie’s immediate focus, the Company’s existing project in Cobar, NSW will continue its development path as permitting and design move forward in parallel.

Please contact hello@wundowie.com.au for enquiries.