Saytek Plastic Recycling Facility

Audit Analysis

The Saytek Plastic Recycling Facility is a registered VCS waste-handling project with a VVB-verified investment additionality test, but the verification report identified 20 material findings spanning additionality, baseline, applicability conditions, and emissions calculations. A five-fold discrepancy in the grid emission factor between the PDD and the validation report, combined with contradictory leakage justifications and the absence of a buffer pool or permanence mechanism, significantly undermines confidence in the project's integrity and claim safety.

Project Description

Red Flags

• ⚠20 material findings in the verification report, including unmet applicability conditions (7a, 7d, 8, 9, 10), untraceable IRR calculation, and missing O&M cost assessment by the VVB
• ⚠Grid emission factor differs by a factor of five between the PDD (0.379) and the validation report (0.074), raising serious questions about baseline credibility
• ⚠No double-claiming or double-counting agreements demonstrated (applicability condition 7d), and CORSIA/CCP status is not stated in any available document
• ⚠Leakage deduction of 0% with contradictory justifications: the monitoring report describes it as 'quantified' while the PDD labels it 'deemed negligible'
• ⚠IRR spreadsheet marked confidential, contrary to VCS Standard transparency requirements

Credit Vintages