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$50M
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
$50M 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.
Landscape integrity designed as national infrastructure.
Production nodes delivering industrial-grade biomass, embedded in a landscape matrix of native corridors, riparian buffers, and keystone species habitat. Not monoculture — a mosaic that delivers aquifer replenishment, fire integrity, and biodiversity at the same time. A major bank, regional government, and corporate buyer are designing this together across Extremadura, greater Lisbon, and the Huelva–Algarve–Alentejo corridor.
~4,000 ha
per facility~$2.5B
per facility construction3.3M ha
burned since 2006Q4 2026
target green bond320,000 km²
España VaciadaMulti-country
Iberia, N. America, N. AfricaWildfire
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.
Dedicated Paulownia biomass plantations on buyer-specified geographies across Iberia.
GUARDIAN method: proprietary genetics + planting methodology + integrated land management.
Fast-rotation biomass crop — first harvest within 3 years, annual harvests thereafter.
Mosaic planting: production nodes embedded within native vegetation corridors, riparian buffers, and keystone species habitat zones.
Designed for fire-break functionality — strategic planting reduces landscape-scale fire risk.
36-month facility construction cycle aligns with 24–36 month tree growth cycle. Planting begins at final investment decision. Biomass is harvest-ready when the facility comes online. No idle capital on either side.
Anchor buyer: a major industrial fuel producer. Buyer has specified target geographies and feedstock requirements. Advanced discussions on dedicated supply.
Two independent gasification facilities planned for the Huelva corridor — each requiring ~4,000 hectares of dedicated biomass supply.
The buyer's existing bank — a top-5 European institution with deep Iberian presence — has signalled appetite for green project finance. No cold-start financing risk.
Target instrument: green bond, Q4 2026. Financing pitch centres on green/regenerative credentials of the feedstock program, governance and transparency infrastructure provided by LandStack, and regional stability value (GDP, employment, export capacity) that positions the bank as a driver of national infrastructure.
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.
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.
Active engagement. The anchor buyer has specified target geographies. Feedstock validation is underway with independent lab confirmation across three countries. Material testing at the buyer's trusted facility in Spain is the remaining technical gate. The buyer's bank has signalled appetite for green project finance. Target: green bond, Q4 2026.