Kiland announced on 16 June 2022 that it intends to convert approximately 4.5m tonnes of fire-damaged biomass (standing timber) into approximately 900,000 tonnes of biochar. Kiland announced its wholly owned subsidiary KI Carbon Ltd. has entered into a Project Development and Services Agreement with Biocare. Biocare's responsibilities under the agreement include the design and development of an infield production system, management of the accreditation process, and marketing of carbon removal credits.

AAGIM will manage biochar production operations as part of the reversion process, which continues as planned. Kiland expects field trials to commence late in 2022 or early 2023. If successful, KI Carbon will also seek to market any biochar into the domestic agricultural market.

KI Carbon intends to seek external funding for future capital requirements.