Biodiesel Project by Kotyark Industries Limited

Audit Analysis

A registered VCS biodiesel project in India with VVB-verified additionality and no inherent reversal risk, but undermined by six material findings (including a missing investment analysis and a monitoring plan misaligned with the applied methodology), a 0% leakage deduction with only a thin 'quantified' justification, and a stark contradiction between the original PDD's lifetime claim of ~1.27 million tCO₂e and the verified 57,874 tCO₂e for a single 18.5-month monitoring period. The project is registered and the VVB (TÜV SÜD South Asia) confirmed additionality, but the volume of corrective actions and the ERR discrepancy raise meaningful concerns about the robustness of the underlying quantification.

Project Description

Red Flags

• ⚠The original PDD (June 2022) claimed a lifetime ERR of 1,265,587 tCO₂e, while the verification report (May 2023) verified only 57,874 tCO₂e for an 18.5-month monitoring period — a 22-fold gap that is not reconciled in the available documents.
• ⚠Six material findings were reported in the verification report, including a missing investment analysis, missing local stakeholder consultation records, and a monitoring plan whose data and parameters were not aligned with methodology ACM0017 v4.0.
• ⚠Leakage deduction is 0% with only a 'quantified' justification label; no specific quantification or scenario analysis is provided in the extracted record, which is thin for a biodiesel project where displaced feedstock could be used elsewhere.

Credit Vintages