On the 11th, Green Chemical's stock price is strong in early trading. This is following news that Lee Jae-myung's government is moving to establish a 'RE100 industrial complex' that utilizes 100% renewable energy, including solar power.
As of 9:27 a.m. on the 11th, Green Chemical is trading at 8,750 won, up 830 won (10.48%) from the previous trading day in the KOSDAQ market. Green Chemical is developing carbon capture and storage utilization (CCUS) technology.
Stocks related to renewable energy, including Hanwha Solutions, OCI Holdings, PARU, ECOEYE, Gridwiz, Taekyung BK, and Ecopro HN, are also on the rise.
Previously, the presidential office noted on the 10th that it is promoting the establishment of the 'RE100 industrial complex' as a top policy priority. It plans to form a task force (TF) this year centered around the Ministry of Industry, as well as related ministries such as the Ministry of Finance and Economy and the Ministry of Land, Infrastructure and Transport, along with experts. There are also considerations for enacting a special law for the establishment of the complex.
The RE100 industrial complex is an industrial area that supports resident corporations in achieving their 'RE100' (100% renewable energy) goals by utilizing the region's abundant renewable energy.