Deepak Nitrite's Q4 EBITDA jumps 74% quarter-on-quarter as phenolics pricing and domestic… – Global News Digest, 21 May 2026

Earnings Turnaround

Shree Pushkar posts 21% revenue growth and 20% PAT rise as chemicals volume surges 28% in FY26

Deepak Nitrite's Q4 EBITDA jumps 74% quarter-on-quarter as phenolics pricing and domestic demand revive

Neptune Petrochemicals grows FY26 net profit 21% to Rs 3,034 lakh on higher bitumen revenues

Petronas Chemicals swings to RM 401 million profit in Q1 but warns West Asia conflict reshapes outlook

Green Ammonia & Clean Fuels

JGC and KBR commission Japan's first green ammonia plant producing 4 tonnes a day for power plants

Andhra Pradesh clears Yamna's $1 billion first phase of a 1 MTPA green ammonia project near Krishnapatnam

Petrochemical Shockwaves

Wanhua extends Yantai No. 2 cracker shutdown to 20 days as ethylene tightness ripples across Asia

Iran war drives industrial ethylene supply crisis forcing fruit ripeners to rethink sourcing strategies

Iran war drives naphtha back above $900 as 870 million barrels of cumulative supply loss mounts

Iran war drives China to record one million tonnes of US ethane imports in a single month

IEA sounds alarm as global oil inventories shed 246 million barrels in two months of war

Materials Innovation

Lindex and BASF close the polyamide loop in lingerie with first loopamid styles planned for early 2027

PPG's Selemix 7-140 brings C5M-rated high-gloss protection to agriculture and construction machinery

Hubergroup's new resin cuts misting and widens the water window across its commercial offset ink range

QuberTech raises £3.4 million to grow high-yield dandelions as a local alternative to tropical rubber trees

Leipzig University engineers PHL7 enzyme variants that break down PET in tap water at industrial scale

Carbon & Circular Tech

RAPCO2, Aerleum and OCOchem share Best CO2 Utilisation 2026 award for DAC, e-methanol and formate tech

Policy, Trade & Industrial Strategy

Odisha clears Rs 854 crore grid upgrade to power its PCPIR petrochemical industrial corridor

ASSOCHAM conclave: India's specialty chemicals sector targets $1 trillion output by 2040 needing massive capacity

EU antidumping duties hit 219% on some Chinese chemicals as European producers go on the offensive

Safety & Environmental Alarms

Methanol-fuelled midnight blaze guts first floor of Medchal's Org Chem factory near Hyderabad

UK study finds fipronil and imidacloprid from pet flea treatments devastating rivers parks and bird populations