The Tasmanian Greens have raised concerns about a newly formed company that plans to export woodchips from Hobart's Macquarie Wharf.

But the State Government said the Greens' objections to a two-month-old company winning a contract amounted to a "bizarre conspiracy".

Magestic Timbers Australia will export 180,000 tonnes of woodchips, whole logs and containerised logs annually from the Hobart port.

It is one of two successful companies under the Government's expression of interest process (EOI) to find a solution for native southern forest residues.

It registered as a company with the Australia Securities and Investments Commission in July, at a time when the Government was finalising the terms of the EOI.

Greens Leader Cassy O'Connor said there were "serious questions to be answered".

"How can a company that didn't exist when the Liberal minister said terms had been agreed, and has only existed for two months, be announced as the successful tenderer for an EOI process that began in June 2015?" she said.

"We just think this is another example of how the native forest industry in Tasmania has done business for far too long.

"The same characters stitch up deals with the Government and have special deals, and inevitably there is some level of public funding somewhere."

Nothing unusual in situation: minister

Resources Minister Guy Barnett has labelled the concerns a "bizarre conspiracy".

"Forestry Tasmania negotiated with the principals of the company, Majestic Timbers Australia, which was successful in the EOI process," he said.

"Those principals then finalised and registered their corporate structure prior to signing the contract. There is nothing unusual in that."

Ms O'Connor has also accused Mr Barnett of misleading Parliament by saying the company would not be propped up with public funds.

She said it was likely the company would be eligible for $10 million per year from the Federal Government's Tasmanian Freight Equalisation Scheme (TFES).

Mr Barnett said the TFES applied to a range of exports.

"Will their ban be extended to salmon too? What other products don't the Greens think should qualify for the TFES?"