Sibur and Sinopec's 2.3 million tonne Amur polyethylene plant to produce first output in Q3… – Global News Digest, 26 May 2026

Petrochemical restructuring

Aramco hands PETRONAS full control of Malaysia's Pengerang petchem complex in major downstream exit

Mitsubishi Chemical targets FY2027 spin-off of petrochemicals unit to trigger Japan's long-overdue industry merger

Mitsubishi Chemical's ¥14 billion petchem loss and China competition force a fundamental restructuring rethink

Lotte Chemical rallies 260 leaders around a bold pledge to push specialty materials above 60% by 2030

Earnings turnaround

Zuari's FY26 consolidated PAT swings to Rs 106 crore profit from a Rs 94 crore loss as all units recover

Bio-agri and green materials

UPL wins FCO registration for Bioclassic and four more biostimulants in major India biologicals push

SK Chemicals wins RecyClass certification for seven plastics as EU circular economy rules tighten

Crude shock and spreads

US-Iran peace talks optimism sends Brent down 4.8% and keeps KL rubber market in a tight mixed range

IRPC cuts Middle East crude to 64% and expects Hormuz tightness to widen petchem spreads in Q2 2026

Decarbonisation and mega projects

PRC Europe 2026 in Amsterdam tackles the gap between decarbonisation ambition and bankable industrial delivery

Sibur and Sinopec's 2.3 million tonne Amur polyethylene plant to produce first output in Q3 2026

Pollution and regulatory heat

Pawan Kalyan brands Godavari a chemical drain and orders Rs 13 crore recovery from Andhra Paper Mills

Recycling and circular supply chains

Delhi tyre maker Matangi Rubber files DRHP with SEBI to raise funds for rubber recycling and solid tyre plant

India's r-PET recyclers sit 20-25% idle as brands slow-walk the government's mandatory recycled content rules

Omni and PRI build America's first traceable end-of-life vehicle plastic supply chain for auto OEMs