HBL Finances Mari Energies to Turn Polluting Gas into LNG Profit, marking a significant step for Pakistan’s energy sector. This collaboration focuses on reducing methane from exhaust gas streams at the Sachal Gas Processing Complex. By turning waste gas into valuable liquefied natural gas, both commercial and environmental benefits are expected.
Mari Energies Limited, in partnership with Ghani Chemical Industries, has created GHG Emissions Mitigation Limited (GEM) to manage hydrocarbon recovery efficiently. The recovered hydrocarbons will be converted into LNG and produce industrial and food-grade COâ‚‚. This initiative strengthens environmental sustainability in Pakistan while offering a new revenue stream for the energy industry.
The project financing is structured through a mix of sponsor equity contributions and debt financing. Habib Bank Limited has been given a formal financial mandate to arrange funding, highlighting its critical role in advancing energy infrastructure investment. Regulatory approvals and compliance with procedural formalities are underway, ensuring the initiative meets all Pakistan Stock Exchange disclosure requirements and securities regulations.
Turning polluting gas into profitable LNG not only reduces methane emissions but also supports long-term energy solutions for Pakistan. Gas-to-LNG conversion helps lower environmental impact while promoting efficient industrial COâ‚‚ production. The collaboration demonstrates how strategic partnerships can drive sustainable energy development, combining commercial gains with eco-friendly practices.
