Tokyo, Japan (PressExposure) September 28, 2009 -- Westernfield Holdings signed a contract with the Chinese government to reforest 19,130 hectares of illegally logged land and areas where forests were devastated by fire in the Khingan range in North Eastern China.
More than 50 years of illegal logging have led to disastrous deforestation, which has in turn caused soil erosion and dust storms. And with fewer trees to retain water, the Khingan region has suffered devastating floods, says Christoph Smith, Vice President of Business Development with Westernfield Holdings. He continued saying that China has preserved 46.7 million hectares of land for several reforestation projects, ranking first in the world in the sheer number of hectares. China's six largest green projects for the 21st century will all exceed in scale renowned, world-level ecological projects, including Stalin's plan in the former Soviet Union, Roosevelt's project in the United States and the green programs in North Africa. Westernfield Holdings is proud to partner with the local governments and looks forward to the project which will start in early October, 2009 and is expected to be completed in 2014.
A four year study on the Khingan range as well as the Changbai range, have been completed and the project team is ready to start with the first phase. The project will be divided in several phases. Only trees that are indigenous to the region will be planted. Major tree species found in these areas include conifers, such as Korean pine, larch and Olga Bay larch, and broadleaf trees such as white birch, oak, willow, elm and Northeast China ash. The project looks to generate around 4.1 million credits that can be offset in the carbon credit markets.
Westernfield Holdings has strong sustainable relationships with its partners. In the field of project development, Westernfield Holdings is cooperating with a range of partners such as industrial companies, local partners, technology providers, financial institutions, investors and governments all over the world.