Hon Chong Waste Heat Recovery Power Plant

Audit Analysis

The Hon Chong Waste Heat Recovery project has a VVB-confirmed investment additionality test, but the validation report flagged 15 material findings spanning baseline methodology, financial analysis, and monitoring design, all requiring corrective action before registration. No monitoring reports or verified emission reduction figures are available for the 2012–2022 crediting period, leaving the claimed 242,970 tCO₂e unverified. A contradiction in the leakage treatment between the validation report and an appendix further weakens confidence in the project's quantification.

Project Description

Red Flags

• ⚠15 material findings at validation, including that the baseline scenario and fcap determination were not demonstrated per methodology and that ex-ante values did not conform to ACM0012
• ⚠No monitoring reports or verified ERR data available for the full 2012–2022 crediting period; the claimed 242,970 tCO₂e cannot be independently confirmed
• ⚠Contradiction in leakage treatment: the validation report states leakage is 'deemed negligible' (0% deduction) while an appendix references a 'quantified' approach
• ⚠Grid emission factor of 0.5558 tCO₂/MWh is from 2009 and was applied across the entire 2012–2022 crediting period with no evidence of periodic updating
• ⚠Project-specific baseline with no documented reassessment or sensitivity analysis

Credit Vintages

No issuances recorded on the registry.