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Re-assessment pendingCDMN2OSouth KoreaRegistry: RegisteredAM0028

Catalytic N2O Abatement Project in the Tail Gas of the Nitric Acid Plant of the Hanwha Corporation (HWC) in Ulsan, Republic of Korea

Developer: Hanwha Corporation

CDM-0922 ↗

#131of 691 in Methane#25of 84 in South Korea#1301of 5732 in CDM (UNFCCC)#2of 10 in AM0028

Score from methodology v2.1 (analysis of 27 Aug 2026). Re-assessment under v2.2 pending.

Assessment

CarbonMeld document-based assessment

01020304 Overall 5.8 / 10 Dimension scores are locked — the faint arcs are empty tracks, not zero scores.

Scale 0–10 · method weights: integrity 35% · transparency 25% · claim safety 25% · documentation 15%.

Re-assessment pending · v2.1

Analysis

A CDM catalytic N2O destruction project at a nitric acid plant in South Korea with VVB-confirmed additionality and inherently low reversal risk due to its avoidance nature. However, the project-specific modeled baseline, a contradiction between the PDD and monitoring report on leakage treatment, and a significant discrepancy in reported emission reduction figures (374,024 vs 206,422 tCO₂e) introduce moderate uncertainty. Two corrective actions remain open, including a GWP update to 265, which slightly weakens the current credit calculations.

Red Flags

3 red flags detected — Unlock with Premium

Findings

Risk Indicators

Additionality

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Permanence

🔒

Leakage

🔒

Baseline

🔒

Safeguards

🔒

Double-claim

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Score Breakdown

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Detailed Analysis

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Evidence

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On this page: the analysis of 27 Aug 2026, marked “Re-assessment pending”. Per-dimension scores, risk indicators, 3 red flags, score factors, detailed analysis, and 6 registry documents (6 analyzed).

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Eligibility & market

Transactions in the CDM registry are discontinued as of 31 December 2026 (UNFCCC, checked 6 October 2026). The UNEP-CCC Article 6 Pipeline lists the transition of this activity to the Article 6.4 mechanism as approved. This page keeps the project's record and our analysis.

What can you claim with this credit?

Four checks buyers ask about, from the registry and the Integrity Council (ICVCM).

  • Airlines (CORSIA)

    Not published

    This registry does not publish CORSIA eligibility per project.

  • Integrity label (ICVCM CCP)

    No ICVCM information

    No CCP label and no ICVCM decision found for this project's methodology.

  • Removal or reduction

    Emission reduction or avoidance

    Prevents or reduces emissions — fits contribution claims, not SBTi neutralisation.

    Source: project sector

  • Paris Agreement (Article 6)

    Not published

    This registry does not publish Article 6 authorizations.

Information only, from public sources. Claim rules (CORSIA, SBTi, EU rules on green claims) change: check them before making a public claim. Since 27 September 2026, EU consumer rules do not allow “climate neutral” product claims based on offsets.

Credit Vintages

IssuedRetiredAvailable
2008
123,2730123,273
2010
239,4310239,431
2011
221,6720221,672
2012
512,0630512,063
2013
260,1120260,112
2015
291,9890291,989
2016
203,3840203,384
2017
222,1590222,159
2019
287,3670287,367
2020
405,1650405,165
2021
597,4820597,482
Total3,364,09703,364,097

Methodology versions used

The methodology version stated in each monitoring, verification and issuance document, by period, compared with the official methodology pages.

  1. 2021–2022ACM0019 v4.0current version

    monitoring report

    official page · verified on

  • ACM0019: Active (CDM / UNFCCC) · official page · verified on

A version is shown only when the document's own text writes it next to the methodology code. Current versions, status and CCP ranges come from the official pages linked, checked on the date shown.

Documents on the registry

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Profile & governance

Analysis ProvenanceACM0019

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