CHENGZI RECYCLED AL PROJECT A

Audit Analysis

A VCS-registered aluminum recycling project (AMS-III.AJ) in China with VVB-verified additionality and inherently low permanence risk, but undermined by six inter-document contradictions, four unresolved corrective actions, a 51% grid emission factor discrepancy between the PDD and validation report, and a contradictory FPIC record. The project delivered approximately 94% of its pro-rata credit expectation for the elapsed monitoring period, which is conservative, but the data reliability issues cast a shadow over the robustness of the underlying calculations.

Project Description

Red Flags

• ⚠Grid emission factor differs by 51% between the PDD (0.52455) and the validation report (0.7938), raising questions about which value was used in credit calculations
• ⚠FPIC status is directly contradicted: the monitoring report (Oct 2023) states it was conducted, while the more recent validation report (Jul 2024) states it was not
• ⚠Four material findings (CARs) remain in the verification report, including missing equipment lifetime data and an incorrect discount factor source
• ⚠Leakage justification is inconsistent across two monitoring reports — one states 'quantified', the other 'deemed negligible' — while the deduction is 0%
• ⚠Six contradictions across documents indicate systemic data management weaknesses in the project's documentation chain

Credit Vintages

No issuances recorded on the registry.