According to the public relations department of Gachsaran Polymer
Industries Company, overall progress on the project reached 55.07% as of Dec.
30, 2025, while engineering work was 88.64% complete.
The HDPE project, which is classified as a top-priority development
within the Persian Gulf Petrochemical Industries Group (PGPIC), has benefited
from strong financial backing from the holding company during the year.
Of the total financing package, 80 trillion rials will be provided by
Bank Refah, for which preliminary approval has been obtained and the facility
has entered its final implementation stage. In addition, a 50 trillion rial
financing agreement has been signed with Bank Parsian, of which 30 trillion
rials have already been disbursed.
The Gachsaran HDPE plant is part of Iran’s broader strategy to expand
downstream petrochemical capacity and complete value chains, reducing reliance
on semi-finished exports and strengthening domestic industrial supply.