Emissions Reductions from PET Recycling, Romania
GS-1640 ↗ · current registry ID: GS5099
#5of 7 in Romania#1382of 1801 in Gold Standard (GS)#43of 72 in AMS-II.I
Audit Analysis
This Gold Standard PET recycling project in Romania has verified additionality and an avoidance credit type, but is severely undermined by an ongoing criminal investigation against the project company, two insolvency proceedings, and a large civil case. Multiple data inconsistencies in the monitoring report and contradictions between documents further erode confidence in the reported emission reductions.
Red Flags
- Criminal investigation ongoing against project company Greentech S.A. (Case file no. 3382/P/2021) as reported in the 2026 verification report
- Two insolvency proceedings (EUR 863,000 for Johann Borgers GmbH; RON 900,406 for TECHTEX GREEN TERRA SRL) and a civil case (RON 4,676,993 with PET STAR HOLDING SA) threaten project continuity
- Five data inconsistencies in the monitoring report (gasoline, diesel, electricity, aluminum waste, weight bridge calibration) required corrective action
- Contradiction in verified ERR: 106,625 in the 2024 verification report versus 70,746 in the 2026 verification report
- Low extraction confidence across the document set, indicating readability or quality issues in source documents
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 58,384 | 52,855 | 5,529 | |
| 2018 | 4,519 | 3,827 | 692 | |
| 2019 | 59,746 | 51,882 | 7,864 | |
| 2020 | 53,538 | 36,246 | 17,292 | |
| 2021 | 51,569 | 1,002 | 50,567 | |
| 2022 | 32,166 | 0 | 32,166 | |
| 2023 | 22,891 | 0 | 22,891 | |
| Total | 282,813 | 145,812 | 137,001 |
Risk Indicators
VVB-confirmed combined test
Criminal investigation and insolvency proceedings threaten project viability
0% deduction deemed negligible; not quantified; doc contradiction
Project-specific baseline; no reassessment date stated
FPIC, grievance mechanism, and benefit sharing documented
CORSIA and CCP status not stated in available documents
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