Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

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.

23 JUNE 2021 AL CIRCLE

EGA in talks with banks to refinance $6 billion loan it secured in 2019

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter.

EGA in talks to refinance $6 billion loan

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The references stated that the UAE based company equally owned by Abu Dhabi state fund Mubadala and the Investment Corporation of Dubai is soliciting to elongate the tenor and lower the pricing of the seven-year loan through a refinancing facility to grab the benefit of low rates.

However, the aluminium company said: "EGA is fortunate to have a large relationship bank group who support our business. We are always looking at ways to optimise our financing arrangements.”

The fundraising effort comes as borrowers in the Gulf region endeavour to enhance their financing agreements to display better market situations following the 2020 Covid-19 driven slump.

The 4% market shareholder of world aluminium production, EGA in early 2019 obtained a loan of over $6 billion to refinance a $4.9 billion loan secured in December 2015 as well as to fully repay a $1.8 billion loan raised by EGA's subsidiary Dubai Aluminium.

According to Refinitiv Financial Solutions data, the syndicated loan EGA is seeking to restructure was issued on 28th January 2019 and totalled $6.545 billion

A total of around 25 international and regional banks participated in the loan delivery and the banks leading the deal comprised BNP Paribas Citi Bank, Emirates NBD, ING, and Natixis.

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