Frio Industrias Argentinas S.A (“FIASA”) Hydro-fluorocarbon 23 (“HFC23”) Capture, Storage and Decomposition Project

Audit Analysis

The FIASA HFC-23 destruction project in Argentina is a well-structured CDM project with VVB-confirmed additionality and a measured project-specific baseline, but it is undermined by extensive calibration and data-consistency issues across multiple monitoring periods, a large number of corrective actions, and several unresolved contradictions between the PDD and monitoring reports. The absence of a verified ERR figure, buffer pool, and CORSIA/CCP status limits confidence in the credit claims.

Project Description

Red Flags

• ⚠30+ material findings across monitoring periods, including repeated scale and gas-meter calibration lapses where maximal error was applied, indicating systemic MRV weaknesses
• ⚠14 corrective actions required, including inconsistencies between the PDD and actual practice (lime used instead of caustic soda, data-collection frequency not described, leakage figures not matching between PDD and spreadsheet)
• ⚠Total ERR verified figure is not available in the extracted record, preventing independent verification of issued credits against the 455,383 tCO2e lifetime claim
• ⚠No buffer pool or permanence mechanism is stated in the available documents, leaving reversal risk unaddressed despite the project being a destruction (avoidance) type

Credit Vintages