Sacramento, California, USA, 23 December 2009 -- (Marketwire) - ECO2 Forests Inc. (Pinksheets:ECOF News
), an international sustainable forestry company focused on reforestation and carbon sequestration projects, today announced it has planted 8000 Kiri trees in honor of the UN Conference on Climate Change in Copenhagen. The 8000 Kiri Tree Project is projected to absorb more than 20,000 tons of carbon dioxide (CO2
) from the atmosphere, generating 20,000 saleable carbon credits. This is equivalent to absorbing the carbon dioxide emissions from up to 1000 large cars. Cities and states planting Kiri trees now could remove up to 2.5 tons of carbon dioxide per tree every seven years.
The company's proprietary Kiri tree is a fast growing, high CO2 absorbing tree ready for mature harvest in 7 years. Post harvest, the Kiri tree regenerates from the stump, continues to sequester more CO2, stabilizes and enriches the soil, and negates the need for replanting," said Collie Christensen, CEO, ECO2 Forests.
"Our Kiri trees are a remarkable commodity. What most people don't understand is just how much impact Kiri Trees, and more specifically reforestation projects, provide for the overall air quality," Christensen said. "Through our Global Forestry Plan, in one project commencing in 2010, we expect to plant approximately 3.3 million Kiri trees over approximately 7 years. This new forest may absorb the carbon dioxide equal to the emissions from 412,500 cars for 1 year.
"Our recently announced 20,000 acre Vanuatu reforestation project, planned to commence planting in early 2010, is estimated to produce 600 million board feet of sustainable rough sawn Kiri Tree lumber, delivering a per acre revenue estimate of USD 112,520 in each 7-year harvest cycle. We plan to lead the charge, setting the example for others to follow," Christensen said.
ECO2 Forests Inc. is an international sustainable forestry company focused on reforestation and carbon sequestration projects. The company's Global Forestry Plan projects a positive environmental and economic effect through large-scale biosequestration of carbon dioxide greenhouse gases, the generating of carbon credits for resale, and the eventual growth and sale of sustainable timber to global markets. Headquartered in Sacramento, California, the company has adopted an "E4 philosophy" to achieve positive environmental, economic, employment, and educational outcomes through its reforestation projects.