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.

27 APRIL 2021 AL CIRCLE

Hydro’s Adjusted EBITDA from Primary Aluminium climbs 25% in Q1 2021; Aluminium production grows 2% YoY

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Hydro Energy and Hydro Extrusions business areas reported record quarterly results based on strong global economic recovery that boosted demand for renewable energy, aluminium, and aluminium products. According to the report released, Hydro’s primary aluminium production in Q1 2021 stood at 539,000 tonnes, which reflected an increase of 1 per cent from 532,000 tonnes in Q4 2020 and 2 per cent from 528,000 tonnes in Q1 2020. Realised aluminium price on LME was 11 per cent higher quarter-on-quarter and 13 per cent on the year to US$ 1,993 per tonne, resulting in Hydro’s higher revenue to NOK 31,951 million in Q1 2021. Adjusted EBITDA of the company in the same quarter grew from NOK 3,403 million in Q4 2020 to NOK 5,182 million.

Hydro’s Adjusted EBITDA from Primary Aluminium climbs 25% in Q1 2021

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Hydro’s higher aluminium extrusions sales volumes to 338,000 tonnes in Q1 2021 also contributed to the company’s increased revenue earnings. Hydro's Ajusted EBITDA from aluminium extrusions grew 67 per cent from NOK 1,044 million in Q4 2020 to NOK 1,744 million in Q1 2021, while EBITDA from primary aluminium gained 25 per cent from NOK 1,432 million in the previous quarter to NOK 1,754 million in Q1 2021.

Hydro Energy also experienced a record quarter, driven by higher power prices, production volumes, and the expiry of legacy power contracts. Adjusted EBITDA earned from Hydro Energy skyrocketed 100 per cent Q-o-Q from NOK 419 million to NOK 841 million in the first quarter. On a year-on-year calculation, it surged 66 per cent from NOK 505 million.

The reopening of economies and substantial fiscal stimulus resulted in decreasing oversupply in the primary aluminium market. So, analysts now expect a largely balanced market for 2021.

“I am pleased to see earnings and returns picking up across most of our operations on higher margins and volumes, but also on continued low costs, especially in Extrusions,” said Hydro President and CEO Hilde Merete Aasheim.

According to Hydro’s report, the company has set out a clear strategic direction toward 2025, aiming at strengthening its position in low-carbon aluminium while exploring new growth opportunities in renewable energy.

The quarter also saw a strong demand for Hydro’s low-carbon aluminium products - Hydro CIRCAL and Hydro REDUXA. The volume of Hydro REDUXA sold in the first quarter was approximately 60 percent of the total Hydro REDUXA volume sold in 2020.

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