[Featured Stock] Changhae Ethanol Rises..."Seoan Alcohol Produces Dry Ice Raw Materials"

[Asia Economy Reporter Yoo Hyun-seok] Changhai Ethanol is showing strong performance. It appears that the fact that Seoan Jujeong, in which Changhai Ethanol has invested, produces raw materials for dry ice has been highlighted.

As of 11:42 AM on the 12th, Changhai Ethanol was trading at 13,450 KRW, up 3.46% (450 KRW) compared to the previous trading day.

Seoan Jujeong operates businesses such as the manufacturing and sales of ethanol and liquefied carbon dioxide gas. On October 30, 2015, Changhai Ethanol invested in Seoan Jujeong. As of the first half of this year, it holds a 7.70% stake. The raw material for dry ice is liquefied carbon dioxide.

Recently, there has been a shortage of dry ice. Due to increased delivery demand caused by social distancing and telecommuting, dry ice has become scarce. Additionally, Pfizer's recent use of dry ice for vaccine transportation is also believed to have had an impact.