Mari Energies Executes Joint Venture Agreement with Ghani Chemical Industries for Gas Recovery Project

PAKISTAN

Mari Energies Limited has formally entered into a Joint Venture Agreement (JVA) with Ghani Chemical Industries Ltd. (GCI) to establish a new Project Company dedicated to processing vent and exhaust gas from the Sachal Gas Processing Complex (SGPC) located in Mari Field, Daharki, Sindh.

This announcement follows the earlier disclosure (Notice CA-25-4607, dated July 01, 2025) regarding the execution of a Term Sheet between the two companies outlining their intent to collaborate on this innovative project.

Under the newly executed JVA:
Mari Energies will hold a 51% equity stake in the Project Company.
Ghani Chemical Industries will own the remaining 49% stake.
Project Scope and Impact

The Project Company will be responsible for capturing and processing vent/exhaust gas from SGPC to recover valuable hydrocarbons. These recovered components will be utilized to produce liquefied natural gas (LNG) and industrial- and food-grade carbon dioxide (CO₂).

This initiative represents a significant step toward sustainable energy practices within Pakistan’s energy sector. By converting waste gases into commercially viable products, the project will:

Reduce greenhouse gas emissions
Enhance environmental stewardship
Create new economic value for shareholders and stakeholders
Strengthen local industrial output, particularly in CO₂ supply

– ER News

MORE NEWS