Speaking to NIPNA, Javad Ahmadinejad said progress of the project is not acceptable because of lack of finances, adding efforts are being made for financing the project.
He said despite the Joint Comprehensive Plan of Action (JCPOA) implementation and opening up of new banking interactions between Iranian companies and foreigners, the project has not yet received enough finances for completion.
The project will be fed by Gachsaran petrochemical Plant which has made 30% progress so far.
Ahmadinejad expressed hope that the project will come on-stream within a 36-month period provided that the required finances are injected into the project.
Once operational, the project will supply 300,000 tons of heavy-density polyethylene annually.