Mari Energies Limited has partnered with Ghani Chemical Industries Limited to establish a special purpose vehicle aimed at converting waste gases into commercially viable products, including liquefied natural gas (LNG) and carbon dioxide. The listed company disclosed the development in a notice to the Pakistan Stock Exchange.    MariEnergies and GCIL have established a project company, namely GHG Emissions Mitigation Limited, to mitigate methane emissions from Sachal Gas Processing Complex by recovering hydrocarbons from the exhaust gas for producing and disposing in the form of LNG as well as industrial and food-grade carbon dioxide (CO2). Mari shared that the project would be financed through a combination of equity contributions by the sponsors and debt financing arranged through Habib Bank Limited (HBL).By operating the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, MARI is the second-largest producer of natural gas in Pakistan.   The company is an integrated oil and gas exploration and production company, and around 70% exploration success rate, which is much higher than industry averages of around 33% nationally and 14% internationally.   MARI’s key customers include fertiliser manufacturers, power generation companies, gas distribution companies, and refineries. (ICE ISLAMABAD)

Fonte notizia: business recorder