Jamshoro Joint Ventures Limited (JJVL), Pakistan’s largest private-sector LPG producer, has resumed operations after more than five and a half years, dispatching its first LPG (liquefied petroleum gas) shipment on Thursday.
LSE Capital Limited disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday.
“Please be informed that Jamshoro Joint Ventures Limited (JJVL) – an investee company of LSE Capital Limited (LSECL/Company), has shipped the first load of LPG yesterday after the restart of the plant after 5 years and 6 months,” read the notice.
The long-awaited restart marks a major milestone for the company and the country’s LPG supply chain.
Incorporated and existing under the laws of Pakistan, JJVL is an unlisted public limited company with its headquarters in Lahore and its gas-processing facilities at Jamshoro, Sindh. Its state-of-the-art 200mmscfd LPG extraction plant was commissioned in March 2005, and its 125mmscfd plant in October 2014.
JJVL was the first LPG producer in Pakistan to import and utilise patented Ortloff technology that guarantees it the highest propane recovery rate in the country, which makes its facilities among the most efficient in the world.
The gas-processing plants were engineered, procured, constructed, and commissioned by Houston-based Exterran (formerly The Hanover Company), which is listed on the New York Stock Exchange. Exterran also operates and maintains the plants.
Earlier in July, Sui Southern Gas Company Limited (SSGC) approved a key agreement with JJVL for the extraction of LPG and NGL (natural gas liquids).
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