Lotte Chemical Titan's revenue jumps 70% but Iran war casts a long shadow over its outlook – Global News Digest, 7 May 2026

War & Supply Chain Shock

Lotte Chemical Titan's revenue jumps 70% but Iran war casts a long shadow over its outlook

Naphtha squeeze pushes Asia's plastics industry to the edge as oil crunch bites across the region

Mega Deals & Expansions

Lone Star adds DOMO's TECHNYL brand to build a European specialty polymers powerhouse

DOMO offloads its polyamide engineered materials unit to Lone Star in a full global transfer

Hawkins snaps up Aqua-Chem to strengthen its grip on commercial pool markets in Nebraska and Iowa

Netradyne buys Moove to plant its AI fleet safety platform at the heart of the European market

Praxair to build dedicated on-site HyCO plant to feed Deepak Chem Tech's Dahej polycarbonate project

Innovation & Green Tech

India and EU pool Rs 169 crore to crack EV battery recycling and lock in lithium and cobalt supply

China Tianchen wins EPC for a ¥3.6 billion biomass-to-green-methanol and SAF plant in Heilongjiang

Norway's Utkilen names its first LNG-powered stainless steel chemical tanker built for clean shipping

Circular Economy & Recycling

Nike-backed ELITe signs Rs 1,600 crore MoU to build India's first chemical polyester recycling plant

Market & Financial Results

KSB wins orders from NTPC, IOCL and Kazakhstan petchem plant but Q1 PBT slips 24% year on year

People & Corporate Moves

Aditya Birla names Chintan Gosaliya as CEO-designate for its overseas chemicals operations in Thailand