Habib Bank Limited has officially been awarded the financial mandate to arrange project financing for GHG Emissions Mitigation Limited. This newly established project company is a joint venture formed by two industrial giants, Mari Energies Limited and Ghani Chemical Industries Limited. The partnership marks a significant step forward in Pakistan’s industrial sector, specifically focusing on environmental sustainability and the efficient recovery of energy resources. The mandate was formally finalized during a ceremony held at the Mari Energies Head Office in Islamabad on March 31, 2026, signaling the start of a major capital mobilization effort.
The primary objective of GHG Emissions Mitigation Limited is to address methane emissions at the Sachal Gas Processing Complex. By implementing advanced technological solutions, the project aims to recover hydrocarbons from exhaust gases that would otherwise be lost to the atmosphere. This process will enable the production of liquefied natural gas along with industrial and food-grade carbon dioxide. Such an initiative not only helps in reducing the carbon footprint of large-scale gas processing operations but also creates valuable commercial by-products that serve the national energy and food industries.
To bring this ambitious project to life, the financing structure will involve a strategic combination of equity contributions from the sponsoring companies and debt financing facilitated by HBL. As the mandated lead arranger, HBL will leverage its extensive experience in project finance to structure a deal that meets the specialized requirements of the energy and chemical sectors. This collaboration highlights the growing trend of financial institutions backing large-scale green initiatives that align with global environmental standards while providing tangible economic benefits.
The successful implementation of the project is expected to enhance the operational efficiency of the Sachal Gas Processing Complex while providing a localized source of LNG and CO₂. This move is particularly relevant given Pakistan’s ongoing efforts to diversify its energy mix and reduce reliance on imported fuels. By capturing and repurposing exhaust gases, the joint venture is turning a potential environmental liability into a productive asset, showcasing the viability of circular economy principles within the heavy industry.
The formal notification of this mandate was disseminated to the Pakistan Stock Exchange to ensure transparency for all shareholders and market participants. While the agreement has been signed, the final execution remains subject to the receipt of all necessary regulatory approvals and the completion of standard procedural formalities. As HBL begins the process of arranging the debt component, the project is positioned as a landmark example of how the banking sector can drive innovation in emissions mitigation and sustainable industrial development across the country.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.