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.

05 OCTOBER 2019 AL CIRCLE

Shinhwa Group to open its first U.S. manufacturing plant in Alabama

EDITED BY : HEENA IQBAL 2MINS READ

Shinhwa Group, an automotive parts manufacturer in South Korea, announced it will make a new $42 million investment in manufacturing operations in Auburn, Alabama.

The company will initially manufacture drive shafts for vehicles made by Hyundai Motor Manufacturing Alabama in Montgomery and Kia Motor Manufacturing Georgia. Shinhwa will provide parts for other car manufacturers in the near future.

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“Shinhwa’s decision to invest $42 million and create 95 jobs in Auburn is great news for Alabama,” said Alabama Governor, Kay Ivey. “Alabama has become an important player in a changing automotive industry, and Shinhwa’s plans to open its first U.S. plant in Auburn is proof of our success.”

“The Shinhwa Group has become a leader in the aluminium die casting industry because of our willingness to overcome technical challenges,” said Kwi-Hyun Lee, CEO of the Shinhwa Group in South Korea.

“We are proud to call Auburn our new home and to serve our customers in the U.S.A.”

“We will start our U.S. project by introducing a highly automated machining process to be followed in the near future with our die casting lines,” said Duk Keun Oh, president of the newly founded entity Shinhwa U.S. Auto Corp.

“We are grateful for our collaboration with Seohan in Auburn and see great opportunities for our growth in North America.”

The company is building its new plant in the Auburn Technology Park West, and Phase 1 of the project is expected to complete in summer 2020.

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