An international forestry company has picked northern Nevada's high desert for the first of up to 100,000 acres of tree plantations it intends to grow on U.S. soil in the coming years.
Officials for the Sacramento-based ECO2 Forests Inc. say they will plant up to 3 million kiri (ki-REE') trees at nurseries outside of Reno over the next seven years as part of a global project aimed at building up carbon credits and slowing deforestation.
The kiri is a fast-growing, broad-leafed hardwood from China that naturally regenerates from the stump after harvest.
Company officials say it can hold more carbon than any other tree. They expect revenue of $1.5 billion through the sale of carbon credits along with lumber production.
They say they've acquired the water rights they need in Nevada to launch the first 2,000-acre plantation in May. The seven-year rotation will cover up to 14,000 acres, or about 21 square miles.