Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

05 MAY 2023 AL CIRCLE

Alba reports a 19% revenue fall for 1QCY2023, value added product sales register no growth

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly booked a profit of US$126.2 million (BD47.5 million) for the first quarter of 2023 ended March 31. The profit dwindled by 68 per cent year-on-year from US$390.4 million (BD146.8 million). The company’s Basic and Diluted Earnings per Share stood at fils 34 in 1QCY2023 versus fils 104 during the same period of the previous year.

Alba reports a 71% fall in revenue for 1QCY2023, value added product sales register no growth

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Alba’s total comprehensive income during the said period also registered a sharp fall of 71 per cent year-on-year from US$415 million (BD156 million) to US$120.7 million (45.4) million. Gross profit shrank by 55 per cent from US$473.4 million (BD 178 million) to US$212.4 million (BD79.9 million).

Alba also reported a 19 per cent drop in revenue from contracts with customers, standing at US$984 million (BD370) million in Q1 2023 versus US$1,210 million (BD455 million) a year ago.

The shaky fiscal results of Alba in 1QCY2023 could be attributed to a bearish post-COVID recovery in China and a limited capacity restart in Europe. However, in the recent past, the economic activity in China has resumed but yet to reflect a substantial result in the global aluminium market.

Aluminium demand in the Middle East was down by 6 per cent in the quarter gone by compared to the previous year due to weaker consumption in Bahrain and the United Arab Emirates. In Bahrain, aluminium consumption registered a 9 per cent fall and that in the UAE by 6 per cent.

Alba’s sales volume increased slightly by 2 per cent over the year, reaching 359,677 tonnes, while value added sales of the total shipments averaged flat at 64 per cent.

Nonetheless, amid the bearish situation, Alba has decided to stay focused to sustainability and net-zero carbon emissions. Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Alba’s Board of Directors, said: “Despite lower LME prices and weak investor sentiment, we have managed to voyage the first quarter of 2023 by achieving an exceptional performance on the operational and financial fronts. As we journey amidst the market challenges, we remain committed to execute our strategic priorities – progressing Line 7’s Feasibility Study and accelerating Power Station 5 Block 4 construction – in line with our ESG roadmap.”

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