Mari Energies Limited (PSX: MARI) on Tuesday disclosed a major development to the Pakistan Stock Exchange regarding financing arrangements under Habib Bank Limited (PSX: HBL) for its emissions reduction initiative at the Sachal Gas Processing Complex.
According to the company’s notification, Mari Energies Limited, in collaboration with Ghani Chemical Industries Limited, has established a special project company named GHG Emissions Mitigation Limited (GEM) to reduce methane emissions by recovering hydrocarbons from exhaust gas streams.
The recovered hydrocarbons will be converted into liquefied natural gas (LNG), along with the production of industrial and food-grade carbon dioxide (CO₂), supporting both environmental sustainability and commercial output.
The project will be funded through a mix of sponsor equity contributions and debt financing. Habib Bank Limited (HBL) has formally been awarded the financial mandate to arrange the project financing, with the signing ceremony held at Mari Energies’ head office in Islamabad on March 31, 2026.
Mari Energies stated that the agreement remains subject to regulatory approvals and completion of procedural formalities.
The development was shared with the exchange under material information disclosure requirements in line with the Securities Act, 2015 and PSX regulations.
