Islamabad: Ghani Chemical Industries Limited (GCIL) has announced a significant development in its environmental strategy with the awarding of a financial mandate to Habib Bank Limited (HBL) by GHG Emissions Mitigation Limited (GEM). This disclosure was made on April 1, 2026, as a part of compliance with the Securities Act, 2015, and the rules of the Pakistan Stock Exchange Limited.

The project is a collaborative effort between GCIL and Mari Energies Limited, aimed at mitigating methane emissions from the Sachal Gas Processing Complex (SGPC). The initiative involves the recovery of hydrocarbons from exhaust gases, which will be converted into liquefied natural gas (LNG) and industrial and food-grade carbon dioxide (CO2). According to information available from the Pakistan Stock Exchange (PSX), the project will be financed through a mix of equity contributions from the sponsors and debt financing arranged by HBL.

A formal ceremony marking the financial agreement took place on March 31, 2026, at Mari Energies’ office in Islamabad. The collaboration is set to proceed following the necessary approvals and the completion of procedural formalities. The announcement serves as a crucial update for the TRE Certificate Holders of the Exchange, ensuring transparency and adherence to market regulations.