[Featured Stock] Green Chemical Hits Upper Limit Following Announcement of Increased Greenhouse Gas Reduction Targets

[Asia Economy Reporter Park So-yeon] Green Chemical is hitting the upper limit following the announcement of increased greenhouse gas reduction targets.

As of 9:33 AM on the 19th, Green Chemical is trading at 13,150 KRW, up 3,000 KRW (29.56%) from the previous day.

Green Chemical was established on January 1, 2003, for the purpose of manufacturing and selling organic chemical products and chemical reagents, and was listed on the KOSPI on October 20, 2005.

Its main business involves manufacturing and selling Ethoxylate (EOA), Ethanolamine (ETA), Dimethyl Carbonate (DMC), and Acrylate Monomer.

The new business AM currently has an annual production capacity of 20,000 M/T, making it the second largest in South Korea.

Its market capitalization is 315.6 billion KRW, ranking 498th on the KOSPI.

Green Chemical is gaining attention as a greenhouse gas-related stock by developing CCU technology that recycles carbon dioxide into high value-added materials through national projects.

Meanwhile, President Moon Jae-in announced the previous day that "the greenhouse gas emissions reduction target by 2030 has been significantly raised to 40% compared to 2018, up from the previous 26.3%."