The GWD Forestry eucalyptus reforestation project was proposed in 2008 and was officially opened in 2009. The project continued for a further 2 years until it was officially closed in 2011.
The purpose of the project was to develop land situated on the outskirts of the city of Barreiras, Bahia, Brazil, establishing eucalyptus crops on the land before harvesting the crops at between years 5 through to 8 dependent on growth rates and / or market conditions.
Over the course of the project, the company successfully developed a number of farm sites, establishing those sites with eucalyptus crops. In order to provide clarity in regards to the companies activities the company also partnered with UTAD (University of Trás-os-Montes and Alto Douro), based in Vila Real, Portugal and as such the companies projects have been the focus of scrutiny from the Universities forestry students as part of an internship program
Currently many of the farm sites have either now received and / or are in the process of receiving independent valuation with Fazendas Poca do Porta, Santa Mari II, Bahhinas I and Bahhinas II still to be formerly valued.
Currently the asset value (as a whole) of those sites that have been independently valued include Fazendas Tropical, Vale do Buriti, and Santa Maria I. and have been valued at R$7,948,094.77.