The joint venture, known as Patersons Capital Partners (PCP), is reviewing the potential to develop large scale, long-term plantations to create carbon sinks that sequester carbon from the atmosphere and produce carbon credits in partnership with ASX-listed C@ Ltd.

PCP's role would include establishing relationships with major carbon emitters around the world, developing interfaces with capital markets and creating the strategic framework to exploit opportunities in this emerging sector.

"Such sink plantations produce several different outputs, some of which can be used to generate renewable energy," C@ Ltd director Andrew Harrison said.

"The carbon credit trading regime is expected to mature further over coming years and C@ directors hope to position the company to capitalise on this trend."

Harrison said the C@ Board considered PCP to be the ideal development partner due to its extensive experience in the energy, resources and capital markets both in Australia and overseas.