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The Washoe County project is the first of many to establish up to 100,000 acres of kiri plantations across the country and up to 1 million acres globally, company officials said. Other plantations are being planted or are planned in the South Pacific, Brazil and Mexico.
"We are going for height. They reach for the sky," Christensen said.
Planting will begin with a 2,000 acre Smoke Creek nursery next month. Within seven years, ECO2 projects that it will harvest 560 million board feet of timber.
"We will bring hundreds of Hermes Ladies Wallet
Plantations of a fast growing tree native to China will be planted in the high desert north of Reno, generating $1.5 billion in revenue and creating 280 local jobs, representatives of an international forestry company announced Tuesday.
Total revenue through timber production and sale of carbon credits is expected to be $225 million annually $213 million in timber sales and $12 million in the sale of carbon credits raising $1.5 billion over seven years. Company officials said the project could endure up to 50 years, then could potentially extend by replanting more trees.
"I kind of look at it like God's miracle tree," Christensen said. "We believe that it's the way of the future."
"naturalized" state grown species.
The kiri can grow taller than a person within three months and can reach 20 to 45 feet within a year and up to 85 feet at seven years. After cutting, another tree springs directly from the stump.
About 6.5 million tons of carbon dioxide are expected to be absorbed from the atmosphere over seven years, generating 6.5 million carbon credits worth $84 million. Carbon credits can be sold to industry to offset the pollution it creates.
"If there are any negatives, we really can't find what they are yet," Christensen said.
There shouldn't be any concerns, Christensen said, adding that 33 states now categorize the kiri as a Hermes Birkin Epsom
'Miracle tree' plantation outside Winnemucca Ranch to bring jobs
The project should create about 280 jobs, many at a lumber mill.
The project has an added benefit of slowing deforestation, said Christensen, adding that Washoe County is the ideal location to launch the company's nationwide effort because of Northern Nevada's plentiful sunshine and the availability of water rights in the area.
Harvested lightweight lumber will be used primarily for such things as furniture and Miu Miu Bag Green boat making, but value also is associated with the broad leafed tree's ability to strip carbon dioxide from the air that will result in the ability to make money in the carbon credit market, Christsensen said. He said the tree can hold more carbon than any other.
Working with landowners, Jaksick Entities, Sacramento based ECO2 Forests Inc., is pursuing its plans on 14,000 acres near Winnemucca Ranch.
The trees were first introduced in the United States back in the 1800s, brought overseas from China when their seeds were used for packaging cargo, Christensen said. He said he was unaware of any potential problems with introducing the tree to Northern Nevada.
Should insufficient demand exist for kiri lumber in the furniture market and other potential uses for the wood include boats, trailers, surfboards and coffins other options also exist, Christensen said. He said kiri wood also makes a better form of the fuel additive ethanol than corn.
Initial planting should begin within six weeks, with up to 3 million of the hardwood trees ultimately grown, said Collie Christensen, the company's CEO.
"You always have to be cautious when you're introducing any Hermes Kelly Orange
species," Anderson said. "I don't know anything about that tree from a concern standpoint."
jobs to Northern Nevada, not to mention we will make it more of green state than it is now," Christensen said.
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