ECO2 Forests planting in Europe

BOULDER – Sustainable forestry company ECO2 Forests Inc. has plans for two joint-venture projects in Europe – one in Turkey, the other in Bulgaria.

ECO2 Forests (Pinksheets: ECOF), with offices in Boulder and Queensland, Australia, signed an agreement with ECO PLUS Limited to grow a 1,200-acre forest in Izmir, Turkey, the company said in a press statement.

ECO2 Forests plans to plant 268,800 Kiri trees in Turkey produce 537,600 carbon credits and 113,000 tons of lumber every seven-year cycle under terms of the agreement. The initial piece of the project is expected to deliver estimated returns of $120 million over each…