Changhae Ethanol Co., Ltd.
KKRX:0046509,360.00
KRW
-20.00
(-0.21%)
ISIN
KR7004650008
Return %
Stock
S&P 500
1Y
-5.55
14.39
3Y
4.12
81.42
5Y
-34.32
68.62
Capital Structure
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in mil. unless spec.Company Description
- Full Time Employees
- 61
- Sector
- Consumer non-durables
- Industry
- Beverages: alcoholic
- Address
- Jeonju-si South Korea
- IPO Date
- Jul 30, 2014
- Website
- chethanol.com
- Similar Companies
- Business
- Changhae Ethanol Co., Ltd. is a South Korea-based company primarily engaged in the manufacturing, processing, and distribution of ethyl alcohol, bio-industrial materials, and related derivative products. Founded in 1966 and headquartered in Jeonju-si, Jeollabuk-do, South Korea, the company is listed on the KOSDAQ exchange under the ticker 004650. Changhae Ethanol conducts its operations across four primary business divisions: Alcohol, Energy, Engineering, and Trading. The Alcohol division manufactures potable fermented ethyl alcohol and refined neutral spirits derived from agricultural feedstocks such as tapioca, barley, rice, and sugar cane, serving as a principal raw material supplier to the domestic distilled spirits and beverage industries; alcohol fermentation by-products, including dried distillers grains with solubles (DDGS) utilized for livestock feed; condensed distillers solubles (CDS) supplied for liquid fertilizers and animal nutrition; and captured food- and industrial-grade carbon dioxide (CO2) gas. Through its alcoholic beverage manufacturing subsidiary, Bohae Brewery Co., Ltd., the company produces and distributes commercial beverage lines, including diluted and distilled soju marketed under the Yipseju brand; fruit-based traditional liquors such as Bohae Bokbunjaju (black raspberry wine); and plum wine marketed under the Matchsoon brand. The Energy division, operated via subsidiary Woori Energy Co., Ltd., provides industrial steam generation, thermal energy utilities, and waste-heat recovery services. The Engineering division, managed through Changhae ENG, delivers industrial plant engineering, environmental facility development, and ethanol distillation equipment construction services. The Trading division, operated through overseas subsidiary Changhae Vietnam JSC, manages the sourcing, processing, and international trade of agricultural commodities, primarily tapioca chips and bio-feedstocks. Geographically, the company maintains extensive production and supply networks throughout South Korea, while sustaining raw material procurement, processing, and export operations in Southeast Asia, notably Vietnam. In recent developments, Changhae Ethanol has focused on expanding its clean energy and green biotechnology footprint by advancing research and commercialization efforts in alcohol-to-jet (ATJ) sustainable aviation fuel (SAF) technologies and carbon capture and utilization (CCU) systems to align with evolving carbon-neutrality mandates. Additionally, the company has continued operational optimization across its HACCP- and ISO 50001-certified fermentation facilities, implemented process automation to improve thermal efficiency, and streamlined its international raw material supply chain to mitigate agricultural commodity price fluctuations.