SHENZHEN, April 29, 2024/PRNewswire/ -- In March 2024, Huace Certification Co., Ltd. (CTI Huace Certification for short), a wholly-owned subsidiary of Huazue Testing and Certification Group Co., Ltd. (CTI Huace Certification for short), acted as the auditor of the VCS project and completed the approval and certification of the world's first VCS project for recycling waste electrical and electronic products. The project was successfully registered with VCS and first issued on April 2, 2024 for emission reduction.
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The Shengtang Electronic Waste Recycling and Treatment VCS Project (ID: 4097) is the world's first waste electrical and electronic product recycling VCS project that has been approved and certified by Huace Certification Co., Ltd. (hereinafter referred to as “CTI Huace Certification”) under the development and promotion of the China Material Recycling Association. It has pioneered the greenhouse gas emission reduction market for electrical and electronic waste, and is an important milestone in China's electronics waste recycling industry.
Screenshot of the CCTV news report
During the project review process, CTI Huazu certification strictly carries out verification and certification work in accordance with VCS standards, strictly reviews project boundaries, baselines, additionality, monitoring plans, etc., and verifies various data involving emission reduction, thus ensuring the truth and reliability of the final data. Ultimately, based on the dismantling of more than 2.8 million sets of waste electrical and electronic products in Shengtang, Zhejiang, CTI issued an approval conclusion on the project's estimated annual greenhouse gas emissions reduction of 34,113 tons of carbon dioxide equivalent, obtained approval registration from the VCS Management Committee VERRA, and issued a certified VCS emission reduction (VCU) equivalent of 21,603 tons of carbon dioxide during the first monitoring period.
How to measure the carbon emission reduction in the recycling process of waste electrical and electronic products is the key to measuring their emission reduction benefits. According to the electronic waste recycling and reuse methodology AMS-III.BA (Version 03.0) approved by VERRA, it is possible to calculate the reduction in greenhouse gas emissions generated by activities that recycle, treat, and recycle electronic waste through specialized facilities.
The recycling, dismantling, and recycling of metals such as aluminum, copper, and steel and plastics such as ABS and HIPS from scrapped “four brains and one machine” electronic waste has replaced the use of native materials to produce these metals and plastics, greatly reducing greenhouse gas emissions. With the continuous development and expansion of the recycling industry, the use of renewable resources will become an important part of the greenhouse gas emission reduction market. By developing such projects into greenhouse gas emission reduction projects, obtaining carbon credit benefits can effectively improve project economics, promote the development of the renewable resource utilization industry, and make a strong contribution to achieving China's “double carbon” goals.
The development process for greenhouse gas emission reduction projects is as follows:
Multi-party cooperation, successful project transaction
On April 2, 2024, the world's first waste electrical and electronic product recycling carbon emission reduction project issuance conference was held at Zhejiang Shengtang Environmental Protection Technology Co., Ltd., Hangzhou, Zhejiang. Xu Junxiang, Chairman of the China Material Recycling Association, Yu Keli, Secretary General of the China Material Recycling Association, Wang Huiwen, Vice President of Lenovo Group Computer and Smart Equipment, Qiang Yi, general manager of Zhejiang Shengtang Environmental Protection Technology Co., Ltd., Zhao Kunying, general manager of East China Region of Huace Certification Co., Ltd., and representatives of waste electrical and electronic product recycling companies, industry experts, and news media attended the press conference.
At the press conference, Xu Junxiang, president of the China Material Recycling Association, Wang Huiwen, vice president of Lenovo Group Computer and Smart Equipment Chief Quality Officer Group, and Qiang Yi, general manager of Zhejiang Shengtang Environmental Technology Co., Ltd., delivered speeches and warmly congratulated Zhejiang Shengtang Environmental Protection Technology Co., Ltd. on the issuance of the greenhouse gas emission reduction project for recycling waste electrical and electronic products.
The three parties signed a framework agreement
Zhejiang Shengtang Environmental Protection Technology Co., Ltd. is the world's leading e-waste treatment enterprise. It reduces carbon emissions by decomposing and treating electronic waste. As a manufacturer of electrical and electronic products, Lenovo Group fulfills social and environmental responsibilities by reducing carbon emissions. As the developer of the project, the China Material Recycling Association signed a framework agreement with Zhejiang Shengtang Environmental Technology Co., Ltd. and Lenovo Group to jointly promote the implementation, consumption and transaction of carbon emission reduction projects. Meanwhile, Zhejiang Shengtang Environmental Technology Co., Ltd. and Lenovo Group completed the first batch of 10,000 tons of carbon emission reduction transactions for Shengtang's electronic waste recycling and treatment VCS project.
Zhejiang Shengtang Environmental Protection Technology Co., Ltd. labels each waste electrical and electronic product to be dismantled and records information such as name, weight and power in detail to provide important evidentiary support for subsequent accounting and verification of greenhouse gas emission reductions, and ensure that every ton of emission reduction remains transparent and traceable.
After the country proposed the dual carbon strategy, all walks of life are taking stronger measures and actions to help achieve the dual carbon goal. The successful registration and issuance of Shengtang's electronic waste recycling VCS project is a strong proof that China's resource recycling industry is implementing the goal of dual carbon. CTI Huazu certification responds positively to the national dual carbon policy and helps various industries improve resource utilization efficiency and reduce carbon emissions through conformity assessment work such as certification, verification, and verification. We will continue to cooperate with all parties to jointly push emissions reduction efforts in a broader, deeper, and more professional direction.
About CTI HuaSi Testing
Huace Testing and Certification Group Co., Ltd. was founded in 2003 and is headquartered in Shenzhen. It is a pioneer and leader in third-party testing and certification services, and the first listed company in the testing and certification industry in China (stock code: 300012). Adhering to the values of “integrity, team, excellence, innovation and customer first”, and with the mission of “delivering trust for quality of life”, CTI HuaTest provides one-stop testing, inspection, certification, measurement, audit, training and technical services for customers around the world. It is committed to conveying trust among governments, enterprises and consumers, comprehensively guaranteeing quality and safety, promoting compliance and innovation, and achieving healthier, safer and more environmentally friendly high-quality development.
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