Greentech Plastic Offset Credits from Romania: Emission Reductions through Recycling
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB using a first-of-its-kind test, which is a meaningful positive signal.
missing Baseline method is not stated in the extracted record, and leakage justification is marked as not addressed.
Transparency
verified The project has a named VVB, a defined monitoring period, and a substantial set of source documents used in extraction.
missing The extracted record does not state the usage monitoring method, and the credit figures conflict between documents.
Claim Safety
verified The project is an avoidance activity with no reversal events reported, which reduces permanence-related claim risk.
missing The absence of a stated baseline method and unclear leakage treatment increase over-crediting risk.
Documentation
verified The record includes multiple document types, 31 documents were used, and extraction confidence is medium rather than low.
missing Several important items are not stated in available documents, including baseline details, buffer pool coverage, and usage monitoring.
Detailed Analysis
Integrity
The verification report confirms additionality through a first-of-its-kind test and says additionality was verified by the VVB, which supports the project’s core environmental case. On the other hand, the baseline method is not found in the extracted record, leakage justification is marked as not addressed, and no buffer pool percentage is stated. The verification report also notes that the estimated emission reduction was not calculated in the monitoring report, which weakens confidence in the accounting quality.
Transparency
Transparency is mixed because the project has a named verifier, a clear monitoring period, and a relatively large document set, but key MRV details are missing from the extracted record. The usage monitoring method is not stated, and the reported emission reduction totals differ across documents, with the newer verification record showing 64,288 claimed versus 124,701 in an earlier record and 70,746 verified versus 106,625 earlier. That inconsistency reduces confidence in registry completeness and public-facing clarity.
Claim Safety
Claim safety is weakened by missing baseline and leakage detail, even though the project is an avoidance activity and no reversal events are reported. The record does not state a baseline method, and leakage treatment is unclear because the justification is marked as not addressed. CORSIA eligibility and CCP status are not stated, so dual-market claim risk cannot be ruled out from the extracted record alone.
Documentation
Documentation quality is moderate: the extraction used 31 documents, includes a verification report, monitoring report, PDD, and appendix, and extraction confidence is medium. The project also documents FPIC, grievance mechanisms, and benefit sharing in at least one source, which helps. Still, several core items are not stated in available documents, including the baseline method, buffer pool coverage, usage monitoring method, and some quantitative MRV details requested by the verifier.
Overall
Overall, this is a mid-quality project with some solid positives but meaningful evidence gaps. I privileged the newer verification report for the grievance, safeguards, and crediting-period details because it is more recent and appears to be the higher-priority assurance document, but I still treated the monitoring-report contradictions as a reliability concern and reduced confidence accordingly. The conflicting ERR figures and the unresolved leakage/baseline issues are the main reasons the score is not higher.
Audit Analysis
The project has some positive integrity signals, including VVB-confirmed additionality, no reported reversals, and documented FPIC and grievance processes. However, key baseline and leakage details are missing or inconsistent, and the reported credit quantities conflict across documents, which weakens confidence in the claimed reductions.
Project Description
Greentech Plastic Offset Credits from Romania is a pioneered recycling project that addresses the environmental burden of plastic waste by converting post-consumer PET bottles into high-value products like recycled PET (R-PET) flakes, food-grade pellets, straps, and polyester fibers. Operating across multiple facilities in Buzau, Tintesti, and Urziceni, the project utilizes state-of-the-art automatic sorting and processing technology to replace energy-intensive virgin plastic production. Environmental Benefits: The project significantly reduces greenhouse gas emissions by avoiding the energy-intensive processes required to manufacture virgin plastic from fossil fuels. Additionally, it diverts vast quantities of plastic waste from landfills and reduces the environmental impact of raw material extraction. Social and Community Benefits: As a major regional employer, Greentech provides over 800 jobs, often for individuals from disadvantaged backgrounds. The project actively promotes gender equality, with a significant proportion of women in managerial roles. Beyond employment, the company supports local communities through environmental education programs in schools and by contributing to municipal health and pension funds.
Red Flags
- The reported emission reduction totals conflict across documents, with the newer verification record showing lower claimed and verified amounts than an earlier record.
- Leakage treatment is not clearly documented in the extracted record, and the verification report says the estimated emission reduction was not calculated in the monitoring report.
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 |
Cosa migliorerebbe questo punteggio
- Provide a clear baseline methodology and a complete leakage assessment with quantified treatment in the monitoring documentation.
- Reconcile the conflicting emission reduction figures across documents and publish the supporting calculation files and usage monitoring evidence.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed additionality test
Avoidance project; no reversals reported
Leakage not clearly addressed
Baseline method not stated
FPIC and grievance mechanism documented
CORSIA/CCP status not stated
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Registry Documents
monitoring
- 2024 Annual Report Greentech Plastic Recycling CO2 Saving Project_20.12.2024.pdf
- 2023 Annual Report Greentech Plastic Recycling CO2 Saving Project_final.pdf
- Greentech Monitoring Report_01Jan2021-30Sept2023_v3.1_30.08.2024_clean.pdf
- monitoring_12.pdf
- Greentech Monitoring Report_01Oct2023-28Feb2025_30.01.2026_version 1.4_Clean.pdf
- monitoring_16.pdf
- +11 more
Other
registry_page
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