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Deokyang Energen has outlined its growth strategy ahead of its KOSDAQ listing, focusing on the eco-friendly hydrogen sector and its role in the Shaheen Project led by S-Oil, which aims to produce petrochemical products directly from crude oil. Appointed as the hydrogen supplier for the project, the company is constructing a plant in Ulsan and plans to establish a nationwide hydrogen supply network while producing clean hydrogen from renewable sources. Deokyang Energen intends to list 7.5 million shares at a price range of 8,500 to 10,000 won, targeting a market capitalization between 63.7 billion and 75 billion won.