ISLAMABAD: Mari Energies Limited has entered into a strategic partnership with Ghani Chemical Industries Limited (GCIL) to develop a cutting-edge project aimed at converting waste gas emissions into valuable commercial products, including liquefied natural gas (LNG) and carbon dioxide.
The initiative, disclosed to the Pakistan Stock Exchange (PSX), involves the formation of a special purpose vehicle named GHG Emissions Mitigation Limited (GEM). The project will focus on reducing methane emissions at the Sachal Gas Processing Complex (SGPC) by recovering hydrocarbons from exhaust gases and converting them into LNG, along with industrial and food-grade CO₂.
Financing for the project will be secured through a mix of equity investment by the partners and debt financing, with Habib Bank Limited (HBL) mandated to arrange funding. The financing agreement ceremony was held on March 31, 2026, at Mari Energies’ head office in Islamabad.
As the operator of the country’s largest gas reservoir at the Mari Gas Field in Daharki, Sindh, Mari Energies is the second-largest natural gas producer in Pakistan. The company maintains a strong exploration success rate of around 70%, significantly higher than both national and global averages.
This project marks a significant step toward sustainable energy development, enabling the utilisation of waste emissions while contributing to cleaner fuel production and environmental protection. Mari Energies’ diverse customer base includes fertiliser manufacturers, power producers, gas distribution companies, and refineries, positioning it to maximise the commercial and environmental impact of this initiative.
