[Featured Stock] Daechang Solution Rises 7% on News of Expanding Hydrogen Supply for City Gas

[Asia Economy Reporter Lee Jung-yoon] Daechang Solution is showing a rise of over 7% following the government's announcement to reduce greenhouse gas emissions from city gas and expand hydrogen supply.

At around 2:15 PM on the 8th, Daechang Solution was traded at 467 KRW, up 7.11% compared to the previous trading day. Daechang Solution is a company recognized as a beneficiary of eco-friendly initiatives.

Daechang Solution manufactures cast steel products and related items used in safety structural materials, resource mining equipment, and energy conversion devices. Its subsidiary, Cryos, manufactures and supplies all equipment including storage tanks for LNG, vaporizers, and gas supply pipelines.

Daechang Solution owns Cryos as a subsidiary, a company that manufactures and supplies all equipment including storage tanks for liquefied natural gas (LNG), vaporizers, and gas supply pipelines. Additionally, it holds product manufacturing approvals from multinational overseas companies, patents, and utility model registrations related to ultra-low temperature and LNG storage tanks. Daechang Solution recorded sales of 47.5 billion KRW and a net loss of 11.2 billion KRW in the fourth quarter of last year. The net loss was reported as 26.7 billion KRW.

Earlier, the Ministry of Trade, Industry and Energy launched a 'city gas hydrogen blending demonstration' and established a task force. City gas hydrogen blending refers to injecting hydrogen together with city gas into city gas supply pipelines, which has the effect of reducing city gas consumption and greenhouse gas emissions.

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