ECO2 Forests Inc. has announced its projects in their pipeline under review has passed a global total of 1.5 million acres for the first time.
The 1.5 million acres include a combination of reforestation, afforestation and avoided deforestation projects. Projects are planned to be delivered as part of the company's Global Forestry Plan, producing sustainable lumber and carbon credits for sale on global markets.
"ECO2 Forests has been working extremely hard to build up our list of potential projects and land partners. We have now surpassed a total of 1.5 million acres of projects in our project pipeline for the first time, with many of these projects well advanced in negotiations and undergoing due diligence," ECO2 Forests CEO Collie Christensen said today.
"Projects in the pipeline under review are located in multiple regions of mainland USA, Australia, Mexico, Europe, South East Asia and South America and are in various stages of review, from initial due diligence and area feasibility through to final stages of negotiation and letters of intent being completed.
"We see this as a significant milestone for ECO2 Forests and recognition of the support we are receiving internationally towards the Global Forestry Plan."
In accordance with the Global Forestry Plan, the network of forests are strategically located around the world and not focused on one region, thus positioning ECO2 Forests to deliver significant, consistent and sustainable lumber supplies globally.