Mari Energies forms JV to convert gas into LNG, CO₂

MG News | November 20, 2025 at 09:43 AM GMT+05:00

0:00

November 20, 2025 (MLN): Mari Energies Limited (PSX: MARI) has signed a joint venture agreement with Ghani Chemical Industries Ltd (GCI) to set up a new project company that will process exhaust gas from the Sachal Gas Processing Complex (SGPC) in Daharki, according to a company filing.

The project company will recover hydrocarbons from SGPC’s vent gas to produce liquefied natural gas (LNG) along with industrial- and food-grade carbon dioxide (CO₂).

Mari Energies will hold a 51% equity stake in the venture, while GCI will own the remaining 49%.

According to the filing, the initiative is expected to reduce greenhouse gas emissions from the field while creating additional revenue streams and economic value for stakeholders.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,496.10 196.19M	-2.30% -3714.58
ALLSHR	94,227.01 359.74M	-1.95% -1870.28
KSE30	48,330.20 95.67M	-2.92% -1451.54
KMI30	224,687.33 101.59M	-2.56% -5909.78
KMIALLSHR	60,839.09 199.88M	-2.16% -1344.18
BKTi	45,489.96 23.93M	-2.22% -1033.26
OGTi	32,083.47 15.22M	-1.82% -594.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,905.00	71,645.00 70,320.00	-625.00 -0.87%
BRENT CRUDE	86.90	87.66 83.16	1.49 1.74%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-9.60 -8.81%
ROTTERDAM COAL MONTHLY	125.00	125.00 123.00	1.55 1.26%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	83.85	84.90 78.24	2.84 3.51%
SUGAR #11 WORLD	13.80	13.81 13.69	0.08 0.58%