Pakistan-based Mari Energies has signed a joint venture agreement with Ghani Chemical Industries to set up a project company that will process vent and exhaust gas from the Sachal Gas Processing Complex (SGPC) in Daharki, southeastern Pakistan.
The deal, executed on 19 November, follows an earlier term sheet announced to the Pakistan Stock Exchange in July. Under the structure, Mari Energies will hold 51% of the new company, with the remaining 49% owned by Ghani Chemical.
According to the companies, the project will recover hydrocarbons from SGPC’s exhaust streams to produce liquefied natural gas alongside industrial and food grade carbon dioxide.
Mari Energies said the venture would “enable the company not only to reduce the greenhouse gas emissions but also generate economic value for the stakeholders”.
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