The Paulownia tree is thought to be one of the fastest growing trees in the world, reaching up to eight metres within five years, according to Carbon Plantations.
“No other tree can sequester as much CO2 as quickly as the Paulownia, and its wood is known as the aluminium of the timber industry,” he said.
Planting of the projects is expected to start in May 2022, with trees supplied and planted by German tree plantation developer WeGrow, according to the Carbon Plantations.