CBAM-covered, and tightly linked to the same green hydrogen buildout reshaping Onesto Agri's sector.
Book a 30-minute callThe India-inbound angle mirrors Metals & Mining: European partners in green ammonia production, electrolyser technology and low-carbon hydrogen infrastructure have a real opening as Indian fertiliser producers look to decarbonise. Fertiliser production already consumes an estimated 6.1 million tonnes of hydrogen annually in India, the single largest existing demand pool for green hydrogen to displace, which makes it a genuine, not speculative, market for European process technology.
Fertiliser exporters into the EU now carry CBAM certificate costs identical in mechanism to steel and aluminium, tied to embedded emissions and priced at the same quarterly rate. India's government has estimated the average tax burden across CBAM-covered exports, fertiliser included, at around 25 percent, a material shift in landed cost for anyone quoting into the EU market from here.
Fertiliser manufacturing and sale in India runs through the Fertiliser Control Order and subsidy administration systems, separate entirely from CBAM, which only concerns the emissions embedded in product leaving India for the EU.
CBAM's definitive phase began 1 January 2026, requiring EU importers to purchase certificates against embedded emissions in every covered fertiliser shipment, with default values applied where the Indian exporter hasn't supplied facility-level emissions data.