Mari Energies Limited has entered into a joint venture with Ghani Chemical Industries Ltd. to create a new project company dedicated to processing vent and exhaust gases from the Sachal Gas Processing Complex in Daharki, Sindh.
In a filing to the Pakistan Stock Exchange, the company stated that the newly formed entity will focus on extracting valuable hydrocarbons from the plant’s exhaust stream. The recovered components will be used to produce liquefied natural gas (LNG) along with industrial-grade and food-grade carbon dioxide (CO₂). Under the agreement, Mari Energies will retain a majority shareholding of 51%, while Ghani Chemical will own the remaining 49%.
The initiative is designed to transform waste gases into commercially useful products, helping to curb greenhouse emissions while creating economic value. According to the companies, the project aligns with broader sustainability goals by capturing gases that would otherwise be released into the atmosphere.
This collaboration builds on a preliminary term sheet signed between the two firms earlier in July. The venture is expected to support environmental conservation efforts, boost local industry, and generate additional revenue streams through the efficient utilization of gas by-products.
Once operational, the project aims to contribute to both regional economic development and Pakistan’s growing emphasis on cleaner, more resource-efficient industrial practices.