HBL awarded mandate of project financing for GHG Emissions Mitigation Limited (GEM)

Islamabad, Pakistan – 13 April 2026: HBL has been awarded the mandate to arrange project financing for GHG Emissions Mitigation Limited (GEM), a project company jointly established by Mari Energies Limited and Ghani Chemical Industries Limited. The project will be financed through equity contributions from the sponsors and debt financing arranged by HBL.

This pioneering initiative marks a significant milestone in Pakistan’s transition toward a low-carbon energy future and supports the country’s broader climate-action goals. Through this initiative, GEM aims to reduce methane emissions from the Sachal Gas Processing Complex (SGPC) Mari Field, Daharki, Sindh by recovering hydrocarbons from exhaust gas to produce liquefied natural gas (LNG), along with industrial- and food-grade carbon dioxide (CO₂).

The mandate was awarded at a ceremony held at Mari Energies’ Head Office in Islamabad on 31 March 2026. Senior leadership, including Muhammad Nassir Salim, President & CEO – HBL, Faheem Haider, Managing Director / CEO – Mari Energies, and Hafiz Farooq Ahmad, MD – Ghani Chemical Industries attended the event.

Through sustainable industrial and energy ventures like this, HBL continues to drive impactful investments that contribute to building a greener, more resilient economy for Pakistan.