Quanzhou Canhua PET Recycling Project

Audit Analysis

The Quanzhou Canhua PET Recycling Project is a VCS-registered avoidance project with VVB-confirmed additionality and no reversal risk, but it carries a project-specific baseline, a 0% leakage deduction with inconsistent justification across documents, and 12 material findings requiring corrective action. The first monitoring period delivered roughly 80% of the pro-rata ex-ante expectation, indicating conservative crediting. Documentation quality is moderate, with several inter-document contradictions and missing transparency elements (FNRB, usage rates, CORSIA status).

Project Description

Red Flags

• ⚠Twelve material findings and eleven corrective actions were raised by the VVB, including an incorrect Qi,y value in Section 7.2 and a missing Intrinsic Viscosity monitoring parameter
• ⚠Leakage justification is inconsistent: the monitoring report (2024-09-10) characterises it as 'quantified' while the validation report (2025-01-20) states 'deemed negligible', yet both apply a 0% deduction
• ⚠FPIC status contradicts between the PDD (not conducted) and the validation report (conducted), with a CAR requiring the FPIC section to be revised to meet VCS Standard v4.7 Sections 3.18.7–3.18.8
• ⚠No FNRB value, usage-rate data, LCA, or end-use tracking is present in the extracted record, limiting the ability to independently verify the emission-factor chain

Credit Vintages