According to statements by CEO Mohammad Shariatmadari, the Apadana and Arghavan Gostar Ilam projects have both entered trial production, reflecting uninterrupted progress across the group’s development portfolio. He emphasized that even amid restrictive international sanctions and operational pressures during the recent 12-day conflict, project execution did not stall.
Shariatmadari also reported tangible advancement at the Hengam Petrochemical project, noting that after the successful installation of the main reactor, granulation and storage tests for urea have now been completed. “With the commissioning of the granulation section, half of the urea production chain has been successfully tested,” he said.
He further announced that preparations are underway for the launch of a large-scale solar initiative, with groundbreaking ceremonies for two photovoltaic power plants totaling 336 MW in Isfahan Province set to take place in the coming days as part of PGPIC’s wider 5,000-MW renewable energy development plan.
He also highlighted progress on innovation financing, noting that the group’s corporate venture capital (CVC) fund has already invested in seven technology projects and that plans are in place to increase the fund’s capital beyond its current 1000-billion-toman capacity to support additional strategic ventures.