HIPF was establish as a non-profit institute in an agreement signed by the Ministry of Petroleum and Minerals Resources (MinPet), along with the Technical and Vocational Training Corporation (TVTC), the SABIC Eastern Petrochemical Company (SHARQ), and the Saudi Petrochemical Development Company (SPDC), Japanese partner of SHARQ.

The training process is supervised by the Japanese Experts with more than 30 years of experience from the prominent the plastics industry in Japan. The delivery of training is conducted by Senior Instructors who have engineering degrees with the long experience in the plastic industries from India, Philippines, Indonesia, and Malaysia.

The Saudi Human Resource Development Fund (HRDF) and various Saudi plastics companies provide tuition fees and salaries for trainees.
The institute offers a four-semester course that leads to a Diploma in Plastics Fabrication. The medium of instructions is English and trainings are conducted in industry-sized state-of-the-art plastics manufacturing plants.

The Institute also offers Advanced Courses for those who would like to further their knowledge and skills in more advanced fabrication processes. Short courses are also offered for those who are already working in the industry.

The Institute is located in the 2nd Industrial Area in Riyadh with the total land area of 60 thousand square meters. The total cost of the institute is 250 million Saudi Riyals, which contains 68 production lines training machines in the workshops from the best manufacturers around the world.