Karachi: Mari Energies Limited has announced the execution of a Joint Venture Agreement with Ghani Chemical Industries Ltd. (GCI) to establish a Project Company focused on processing vent and exhaust gas from the Sachal Gas Processing Complex in Daharki, Sindh. This agreement, finalized on November 19, 2025, follows the earlier communication to the Pakistan Stock Exchange (PSX) regarding the execution of a Term Sheet with GCI for this initiative.

According to information available from the Pakistan Stock Exchange (PSX), the joint venture will see Mari Energies holding a 51% equity stake in the new Project Company, while GCI will maintain a 49% share. The primary objective of this collaboration is to recover hydrocarbons from exhaust gases, which will be converted into liquified natural gas (LNG) and industrial and food-grade carbon dioxide (CO2).

This development is expected to not only mitigate greenhouse gas emissions but also create economic benefits for stakeholders involved. The project underscores the strategic partnership between Mari Energies and GCI, aiming to capitalize on the potential of vent gas processing at the Sachal Gas Processing Complex.

The information has been released for dissemination to the TRE certificate holders of the Exchange, ensuring that all relevant parties are informed of this significant industrial and environmental initiative.