Iran war sends polyester costs up 30%, threatening Zara and H&M supply chains – Global News Digest, 27 Apr 2026

War & Supply Chain Shock

Iran fires on chemical tanker with Indian crew in latest Oman coast escalation

Iran war sends polyester costs up 30%, threatening Zara and H&M supply chains

US sanctions wipe 10% off Hengli shares over alleged Iranian oil purchases

Mega Deals & Acquisitions

Sun Pharma's $11.75 billion Organon deal vaults it into top 25 global pharma

Africa's top mezzanine fund injects $45 million to unlock MIDO's dormant Alexandria capacity

Shrieve snaps up bio-solvent pioneer Vertec to meet surging demand for green chemistry

Shrieve buys Aberdeen's FIS Chemicals to deepen oil, gas and marine chemicals reach

India Inc. Moves

ONGC greenlights petrochemicals marketing JV and backs North East gas grid push

MRPL, ONGC and OpaL launch 50:25:25 JV to cut costs and unify petchem marketing

INOX Air fires up 280-tonne daily ASU to power Tata Steel's greenfield Ludhiana furnace

Nadda tells 25 industry chiefs: chemicals sector must hit $1 trillion by 2040

CropLife India demands data protection and e-commerce rules in new pesticides bill

Strategy & Corporate Moves

Indorama CEO bets on shale integration and S&OE discipline to double EBITDA by 2028

Japan's three polymer giants clear antitrust hurdle in landmark polyolefin merger

Aster and Puraglobe to turn Asia's used motor oil into premium base oils in Singapore

Innovation & Green Tech

SIBUR's polymer pod adhesive cuts rapeseed losses by 28% and slashes cracking rates

Praj launches AI-powered precision fermentation lab to drive India's bioeconomy ambitions

Lummus and ART-Envi's enclosed ECHO system ends dusty open coke pits for good

Clariant's 15 new formulations bet big on natural radiance over heavy transformation

Tomra opens North Carolina AI sorting hub to bring global recycling expertise to Americas

SED's eighth straight Laxmi Organic order validates its zero liquid discharge technology

Market Intelligence

China's anti-involution reforms and Middle East chaos create a golden window for Indian chemicals