Turning wildfire liability into productive infrastructure.
"The first financial structure for state trust land that doesn't require the state to spend money it doesn't have. The coalition — tribal, county, state, federal — has never existed for a project like this."
Terry Harris, Ecosystem SPV Lead
35,000
acres~$55M
total capital$45M
Industrial Revenue Bonds$10M
Transition Facility~$420
per acre / yr revenue$64B
SWF AUM backingPublic land. State trust. 35,000 acres of fire-scarred terrain with access to over 600,000 acres of available feedstock, including FEMA fire-damaged timber from Hermits Peak – Calf Canyon. Adjacent to Angel Fire ski resort — a wealthy municipality with multimillion-dollar properties 10 miles downwind. The insurers and landowners with the most at stake are immediate neighbours.
The problem35,000 acres of fire-scarred state trust land generating zero revenue. The Hermits Peak – Calf Canyon fire cost $7 billion — the largest wildfire settlement in U.S. history. The probability of a comparable fire in New Mexico’s most threatened firesheds is effectively 100% within a decade. The state has no financial mechanism to transition it. Federal dollars are slow, fragmented, and expire.
Two operational nodesNorthern Node
Mora & San Miguel Counties · ~10,000 acresModular pyrolysis — fire-damaged timber converted to biochar
FEMA-catalogued feedstock: 300,000 fire-killed trees from Hermits Peak – Calf Canyon
Modular pyrolysis units process timber on-site — no transport infrastructure required
Biochar downstream: soil amendment, activated carbon (water treatment & oil/gas filters), cement/asphalt additive (100-year carbon sequestration), graphene precursor
Pyrolysis oil captured as secondary output; process heat recycled for on-site energy
Municipal water treatment offtake: Las Vegas NM, Santa Fe pipeline
Southern Node
Quay, Curry & Roosevelt Counties · ~25,000 acresRAD composting + anaerobic digestion — cattle manure to fertiliser and energy
Rapid Anaerobic Digestion: produces Renewable Natural Gas (refineable to Renewable Hydrogen for fuel cells & hydrogen engines), CO₂, liquid nitrogen-rich digestate (fertiliser + compost additive), and clean water
Composted cow manure packaged as powder, pellets, 12″ rings, small pods, and living soil — sold to agricultural, municipal, and home gardener markets (highest margin)
Five output streams from a single feedstock — dairy and feedlot waste processed on-site
Agricultural, municipal, and retail offtakers across New Mexico and the Southwest
$45M Industrial Revenue Bonds via NMSIC — the first IRB pathway structured for ecological integrity in New Mexico.
$10M Transition Facility — concessionary first-loss capital for pre-revenue field operations. The Transition Facility deploys first, de-risking the development phase; the IRB refinances it out at stabilisation.
State Permanent Fund ($64B AUM) provides sovereign-grade backing through state trust land lease revenues.
Bond advisor engaged. 30-year operating agreement. Capital releases gated on MRV trigger maps.
All three measurement tiers deploy from Day 1. The 30/60/90 evidence chain feeds directly to the bond advisor. Tier 1 ecosystem sensors — IoT probes, AI soil microscopy, bioacoustic monitors, satellite, eDNA, terrain analysis — produce continuous ecological data. Tier 2 tracks operational output volumes and delivery. Tier 3 translates both into the financial KPIs and trigger conditions formatted for the investment committee, not the lab.
Tribal, county, state, and federal stakeholders aligned under NM-REIZE. Includes New Mexico State Land Office, Mora County, San Miguel County, Sandia National Labs, and Los Alamos National Laboratory.
The hydrology case is stark: degraded landscapes lose water through surface runoff approximately three times faster and recharge groundwater at roughly one-sixth the rate of high-integrity forest-meadow mosaics.* Albuquerque and Santa Fe project 20 years to run out of water. Treating a million acres of the headwater system that feeds them changes that trajectory.
* Charles Curtin, NM Biomass Working Group analysis, 2026.
Transitioning Europe’s emptied heartland.
Private and municipal land across the Huelva–Algarve–Alentejo corridor. 500 hectares of Paulownia agroforestry on degraded terrain, anchored on proximity to two industrial anchors at the Port of Huelva: a €1.2B second-generation biofuel plant and a large-scale green methanol production facility backed by one of the world's largest shipping companies. Proving jurisdiction portability — same signal engine, different geography, different law.
500 ha
Huelva–Algarve–Alentejo corridor€800–1,100
per ha / yr revenue3.3M ha
burned since 2006€10B+
wildfire costs (2025 alone)320,000 km²
España Vaciada12%
water supply declineWildfire
Spain and Portugal have burned 3.3 million hectares since 2006. The 2025 fire season alone: €8–10 billion in damages. Abandoned agricultural land is the primary fuel load.
Water
12% decline in available water resources over two decades. Major reservoirs at 21% capacity. Agricultural irrigation competing with municipal supply.
Rural collapse
La España Vaciada — 5,000+ municipalities across 320,000 km² emptying out. Average age rising. No economic engine to reverse the trend.
500 hectares of Paulownia agroforestry on degraded private and municipal land.
GUARDIAN method: proprietary genetics + planting methodology + integrated land management.
Fast-rotation biomass crop — first harvest within 3 years, annual harvests thereafter.
Intercropping with native species for biodiversity recovery and soil stabilisation.
Designed for fire-break functionality — strategic planting reduces landscape-scale fire risk.
Two industrial anchors at the Port of Huelva: a €1.2B second-generation biofuel plant taking biomass feedstock, and a large-scale green methanol production facility backed by one of the world's largest shipping companies. Output structure spans biomass pellets, green methanol, SAF, biochar, and carbon credits.
Capital path: global bank for project finance + EU co-financing instruments (CAP, Green Deal, Nature Restoration Law).
EU Nature Restoration Law mandates member states transition degraded ecosystems — creating structural demand for project-level solutions.
Revenue from year one. Rural employment from month one. Fire risk reduction from day one.
Same three-tier LandStack architecture deployed in New Mexico — adapted for Mediterranean biomes. Proving that the signal engine works across different geographies, ownership structures, and regulatory frameworks. Satellite baselines already established. IoT sensor specifications adapted for arid soils and Paulownia growth metrics.
Iberia is gated on New Mexico reaching bond structuring completion. NM proves the financial architecture. Iberia proves jurisdiction portability. The combination proves the platform scales.
“The IP isn’t just the trees. It’s the integrated system — genetics, planting methodology, industrial buyer contracts, and MRV — that makes this bankable at scale. No one else has assembled all four.”
Victor Garlington, BioEconomy Solutions, Ecosystem SPV Lead